New Orleans – (business wire)–Kahn Swick & Foti, LLC (“KSF”) and Charles C. Foti, Jr., a partner of KSF and former Louisiana Attorney General, to investors, March 27, 2023 To file a lead plaintiff application in a securities class action lawsuit against Sotera Health Company (NasdaqGS: SHC) (i) our November 2020 initial public offering (“IPO”); (ii) our March 2021 public offering (“IPO”); pursuant to and/or traceable to a secondary public offering (“SPO”, and together with the IPO, the “Offering”). and/or (iii) from November 20, 2020 through September 19, 2022 (“Class Period”). This lawsuit is pending in the United States District Court for the Northern District of Ohio.
what you can do
If you purchased or acquired shares in Sotera as described above and would like to discuss your legal rights and the impact of this case on you, as well as your rights to recover financial losses, please contact KSF’s Managing Partner, Lewis, at You can contact us without any obligation or cost. Khan’s toll-free number is 1-877-515-1850, or you can contact her by email at lewis.kahn@ksfcounsel.com or at https://www.ksfcounsel.com/cases/nasdaqgs-shc/ Visit us to learn more. If you wish to serve as the lead plaintiff in this class action, you must petition the Court in the following manner: March 27, 2023.
About litigation
Sotera and some of its executives have been charged with violating federal securities laws by failing to disclose material information in registration statements and prospectuses issued during the class period and/or in connection with the offering. .
On September 19, 2022, a jury presiding over the company’s first lawsuit due to its ethylene oxide (“EtO”) emissions found “intentional and unjustifiable” wrongdoing in its failure to prevent toxic EtO emissions. and failed to warn of the serious health hazards posed by them that caused the plaintiff’s cancer condition.
On the news, Sotera’s stock price plummeted, dropping $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
Partnered with former Louisiana Attorney General Charles C. Foty Jr., KSF is one of the nation’s leading boutique securities litigation law firms. KSF serves a variety of clients, including public institutional investors, hedge funds, money managers and individual investors, seeking recovery of investment losses resulting from corporate fraud and fraud by publicly traded companies. KSF has offices in New York, California, Louisiana and New Jersey.
For more information about KSF, please visit www.ksfcounsel.com.
