Shares of Sotera Health (NASDAQ:SHC) cratered on Monday by almost 30% after a jury awarded $363 million in a lawsuit. A woman had sued the company’s Sterigenics unit claiming that she had developed breast cancer as a result of its plant’s emissions.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
However, it’s possible that the final award might be smaller in the range of $150 million to $200 million, according to Barclays.