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Feb. 22, 2006, 12:51 p.m. EST

Sherwin-Williams falls 12% after losing lawsuit

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By Shawn Langlois

SAN FRANCISCO (MarketWatch)-- Sherwin-Williams /zigman2/quotes/210069062/composite SHW +1.62% shares fell 12% to $46.10 Wednesday on reports that a Rhode Island jury ruled the paint maker's lead-based paint created a public nuisance that continues to poision children. The verdict, according to the Associated Press, means companies that once made lead paint and pigment could be held responsible for millions of dollars in cleanup and mitigation costs. NL Industries /zigman2/quotes/210222881/composite NL -2.20% , with its shares off 4.8% at $13.67, and Millennium Holdings were also found responsible.

/zigman2/quotes/210069062/composite
US : U.S.: NYSE
$ 594.47
+9.49 +1.62%
Volume: 714,452
Jan. 17, 2020 6:30p
P/E Ratio
39.95
Dividend Yield
0.76%
Market Cap
$54.87 billion
Rev. per Employee
$328,558
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/zigman2/quotes/210222881/composite
US : U.S.: NYSE
$ 3.55
-0.08 -2.20%
Volume: 18,058
Jan. 17, 2020 6:30p
P/E Ratio
7.74
Dividend Yield
N/A
Market Cap
$173.08 million
Rev. per Employee
$216,119
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