NEW ORLEANS, March 21, 2023 (GLOBE NEWSWIRE) — Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Louisiana Attorney General Charles C. Foti, Jr., are reminding investors that until have time there March 27, 2023 To file motions for Lead Plaintiff in a securities class action lawsuit against Sotera Health Company (NasdaqGS: SHC) if they purchased or otherwise acquired the Company’s stock (i) pursuant to and/or traceable to the Company’s November 2020 initial public offering (the “IPO “); (ii) pursuant to and/or traceable to the Company’s second public offering in March 2021 (the “SPO” and together with the IPO, the “Offerings”); and/or (iii) between November 20, 2020 and September 19, 2022 inclusive (the “Collection Period”). This lawsuit is pending in the United States District Court for the Northern District of Ohio.
What you can do
If you have purchased or acquired shares in Sotera as described above and would like to discuss your legal rights and how this case may affect you and your right to compensation for your economic loss, you may contact KSF Managing Partner at no obligation or cost to you Lewis can contact Kahn toll-free at 1-877-515-1850 or email ([email protected]) or visit to learn more. If you wish to be a lead plaintiff in this class action lawsuit, you must petition the court March 27, 2023.
About the lawsuit
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Sotera and certain of its officers are alleged to have failed to disclose material information during the Class Period and/or in the registration statement and prospectus issued in connection with the Offerings, in violation of federal securities laws.
On September 19, 2022, a jury presiding over the first lawsuit brought against the company over the company’s ethylene oxide (“EtO”) emissions found it guilty of “willful and malicious” wrongdoing because it produces toxic EtO -failed to prevent emissions and failure to warn of the serious health hazard they posed which caused the plaintiff’s cancerous condition.
As a result of this news, Sotera’s stock price plummeted, falling $4.90 per share, or about 33.3%.
The case is Oakland County Employees’ Retirement System and Oakland County Voluntary Employees’ Beneficiary Association v Sotera Health Company, No. 23-cv-143.
About Kahn Swick & Foti, LLC
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KSF, which partners with former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation firms. KSF assists a wide range of clients – including public institutional investors, hedge funds, wealth managers and retail investors – in seeking redress for investment losses resulting from corporate fraud or misconduct by public companies. KSF has offices in New York, California, Louisiana and New Jersey.
To learn more about KSF, you can visit www.ksfcounsel.com.
Contact:
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Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
1100 Poydras St, Suite 960
New Orleans, LA 70163
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