SOTERA HEALTH 24 HOUR DEADLINE ALERT: Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors with Losses in Excess of $100,000 of Imminent Deadline in Class Action Lawsuit Against Sotera Health Company
Kahn Swick & Foti, LLC (“KSF”) and former Louisiana Attorney General Charles C. Foti, Jr., remind investors that they have only 24 hours remaining to file lead plaintiff applications in a securities class action lawsuit against Sotera Health Company (“Sotera” or the “Company”) (NYSE: SHC), if they purchased the Company’s securities between February 24, 2021 and April 27, 2021, inclusive (the “Class Period”). This action is pending in the United States District Court for the Southern District of New York.
The Complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company’s previously-reported financial statements contained errors; (2) the Company lacked adequate internal financial controls; and (3) as a result, defendants’ public statements were materially false and misleading at all relevant times.
On April 28, 2021, Sotera disclosed that it had identified errors in its previously issued financial statements for the fiscal years ended December 31, 2020 and 2019, as well as for the quarters ended March 31 and December 31, 2020, and March 31, 2019, respectively. As a result, Sotera withdrew its financial statements and stated that “the Company is unable to determine at this time the nature, amount and timing of the adjustments to the previously-issued financial statements that may be required to correct the errors and, therefore, the effect of the errors on the Company’s previously-issued financial statements.”
KSF reminds investors that they have only 24 hours remaining to file lead plaintiff applications in the securities class action lawsuit against Sotera. All investors who purchased Sotera securities during the Class Period may, no later than June 1, 2021, petition the Court to be appointed as lead plaintiff. KSF is prepared to guide interested investors through the process.
KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., esq., remarks: “We encourage investors with losses in excess of $100,000 to contact us as soon as possible to discuss their legal rights as lead plaintiff in this action.”
Investors who purchased Sotera securities during the Class Period may contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (email@example.com) to discuss their legal rights and options or complete the form below.
Kahn Swick & Foti, LLC is a law firm with offices in New York, California, Connecticut, and Tennessee which has proudly recovered hundreds of millions of dollars on behalf of institutional and individual investors from all over the world in securities class action lawsuits.
Investors who purchased Sotera securities during the Class Period may, no later than June 1, 2021, petition the Court to be appointed as lead plaintiff. KSF is prepared to guide interested investors through the process.