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Rite Aid filed for Chapter 11 bankruptcy protection in New Jersey on Sunday and ... 2023 at 11:15 PM ... mounting debt and a slew of lawsuits that allege the company helped fuel the nation’s ...
The pharmacy giant Rite Aid has filed for bankruptcy as it tries to restructure while dealing with losses and opioid-related lawsuits. ... 2023 at 1:03 PM ... also faces financial risk from ...
This photo shows a sign of Rite Aid on its store in Pittsburgh on Jan. 23, 2023. Rite Aid, a major U.S. pharmacy chain, said Sunday, Oct. 15, that it has filed for bankruptcy as part of its effort ...
On August 25, 2023, Rite Aid announced that it was preparing to file for Chapter 11 bankruptcy protection within the coming weeks, in an effort to settle federal and state lawsuits over the company's role in the opioid crisis. Plans also call for the potential closure of up to 500 underperforming locations nationwide.
The U.S. government has accused Rite Aid of ignoring "red flags" while filling illegal opioids prescriptions, and the company faces 1,600 other opioid lawsuits from state and local governments ...
A sixth Seattle store in Lower Queen Anne, the chain's only 24-hour pharmacy in the city, closed in September 2023. On October 15, 2023, amid several opioid lawsuits and legal battles, Rite Aid filed a petition under Chapter 11 of the United States Bankruptcy Code in the United States District Court for the District of New Jersey.
Thrifty PayLess Holdings, Inc. was a pharmacy holding company that owned the Thrifty Drugs and PayLess Drug Stores chains in the western United States. The combined company was formed in April 1994 when Los Angeles–based TCH Corporation, the parent company of Thrifty Corporation and Thrifty Drug Stores, Inc., acquired the Kmart subsidiary PayLess Drug Stores Northwest, Inc. At the time of ...
November 16, 2023 at 5:14 PM. By Dietrich Knauth. ... The DOJ, which sued Rite Aid in March, agreed only to a "brief pause" of its lawsuit after Rite Aid went bankrupt last month, a position that ...