NEW YORK, Feb. 03, 2023 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is reminding investors that class action lawsuits can be filed on behalf of shareholders of Sotera Health Co. SHCArgo Blockchain Plc, Inc. ARBKand National Vision Holdings, Inc. EYE. Shareholders have until the deadlines below to petition the court to appear as lead plaintiffs. For more information on each case, see the link provided.
Sotera Health Co. SHC
Class Period: As per the IPO dated November 20, 2020; According to the SPO of March 18, 2021; and/or November 20, 2020 – September 19, 2022
Lead Plaintiff Deadline: March 27, 2023
Sotera provides sterilization and laboratory testing and consulting services to the medical device and pharmaceutical industries. The company operates through three divisions: Sterigenics, Nordion and Nelson Labs. Through its Sterigenics brand, which accounts for the majority of Sotera’s annual revenues, Sotera provides outsourced terminal sterilization services to the medical device and pharmaceutical markets. Terminal sterilization is the process of sterilizing a product in its final packaging.
The Company’s sterilization services rely on three main technologies, one of which is ethylene oxide (“EtO”) processing. EtO processing is a gas sterilization process in which pallets of packaged goods are loaded into a chamber, which is then injected with EtO gas to permeate the package. This process releases toxic fumes that must be filtered before being released into the air. Sotera, through its Sterigenics business, has performed EtO processing at facilities in Illinois, California, Georgia and New Mexico.
In August 2006, the United States Environmental Protection Agency (the “EPA”) released an assessment concluding that EtO is significantly more likely to cause cancer than previously known.
In December 2016, the EPA classified EtO as a chemical known to be a human carcinogen and increased its…
[ad_2]
Source story