Reported Earlier, Sotera Health Finalizes Settlement Of Ethylene Oxide Litigation In Illinois; Shares Moving Higher
Portfolio Pulse from Happy Mohamed
Sotera Health (NASDAQ: SHC) has finalized the settlement of ethylene oxide litigation in Illinois, with 879 out of 882 eligible claimants opting in. The company will not incur any additional charges beyond those incurred in Q4 2022.
June 22, 2023 | 1:45 pm
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Sotera Health's finalized settlement of ethylene oxide litigation in Illinois is expected to have a positive short-term impact on its stock price.
The finalized settlement removes a significant legal risk for Sotera Health, with 99.7% of eligible claimants opting in. This resolution is likely to be viewed positively by investors, leading to a short-term increase in the stock price.
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