Sotera Health Beats Some of Former Executive’s Stock Claims

A former Sotera Health Co. vice president isn’t entitled to severance benefits or an equitable accounting of his past shares in the company, a Delaware chancellor ruled Monday.

Sotera was granted summary judgment on Kurt M. Roth’s claim that it breached its senior management and restricted stock agreements and that it improperly converted more than 620,000 shares of his company stock, Chancellor Lori W. Will said in her memorandum opinion. Will declined to grant the health care service provider judgment on Roth’s breach of implied covenant of good faith and fair dealing or declaratory judgment claims.

Roth sued Sotera in ...