This lawsuit is for anyone who acquired securities in Sotera Health Company (NASDAQ: SHC) from November 17, 2020 through September 19, 2022.
The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, in the Prospectus to the Company's IPO, and throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by telling investors that the Company employed adequate and effective safeguards to control EtO emissions when the Company knew that it did not employ sufficient safeguards.
On September 19, 2022, a jury in the first lawsuit arising from Sotera's EtO emissions to go to trial found Sotera liable for the plaintiff's cancer. Later in the day, news outlets reported that the jury came to its verdict after lawyers presented them with corporate emails and other evidence proving that the Company knew for a long time that the Company's safeguards for controlling emissions were insufficient, and that the Company acted to conceal the fact from the public, investors and the Government. On this news, the price of the Company's stock price dropped precipitously on unusually heavy trading volume. In the following two days, both Goldman Sachs and Morgan Stanley downgraded the Company's stock on fears of more liability. On this news, the Company's stock price again dropped precipitously on unusually heavy trading volume and traded at a lower price on the day of this lawsuit than it did at the time of the IPO.
The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Sotera Health Company (NASDAQ: SHC) from November 17, 2020 through September 19, 2022 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.
Join the Class Action
First Name: *
Last Name: *
If Representing an Institution, Name of Institution:
If Representing an Institution, Position at Institution:
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I, the Plaintiff, certify that:
1. I have reviewed the Complaint and authorized its filing.
2. Plaintiff did not purchase the security that is the subject of this
action, at the direction of plaintiff's counsel or in order to
participate in any private action arising under this title.
3. I am willing to serve as a representative party on behalf of a class
and will testify at deposition and trial, if necessary.
4. My transactions in the securities, which are the subject of this
action, during the Class Period set forth in the Complaint are as
5. I have not served as a representative party on behalf of a class
under the federal security laws during the last three years, except
if detailed below.
6. I will not accept any payment for serving as a representative party,
except to receive my pro rata share of any recovery or as ordered
or approved by the court including the award to a representative
plaintiff of reasonable costs and expenses (including lost wages)
directly relating to the representation of the class.
agreement and retain the Law Offices of Howard G. Smith and its associates to proceed on Plaintiff's behalf, on a contingent fee basis. If I am executing this agreement on behalf of an institution, I further certify that I am authorized to execute this agreement on behalf of the institution.