Market News

Here’s Why Sotera Health Plunged Almost 30%

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.

However, it’s possible that the final award might be smaller in the range of $150 million to $200 million, according to Barclays.


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