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Rite Aid has $4 billion in debt, $8.6 billion in total liabilities and $7.65 billion in assets, according to court filings in the U.S. Bankruptcy Court for the District of New Jersey.
Rite Aid’s request to close 107 stores across the country has not yet been approved, federal court records show. Rite Aid locations at 220 36th St. and 1225 E. Sunset Drive in Bellingham are ...
Rite Aid says it will close at least 154 stores as it goes through bankruptcy. The chain had 2,253 stores as of September 3, and the U.S. Bankruptcy Court in New Jersey also approved additional ...
NEW YORK (Reuters) -A U.S. bankruptcy judge on Friday approved Rite Aid's restructuring plan, allowing the pharmacy chain to cut its debt by $2 billion and turn over control to a group of lenders.
Rite Aid's bankruptcy plan, revised on Thursday, would cut $2 billion in debt and provide $47.5 million to junior creditors, including individuals and local governments who have sued the company ...
On November 16, Rite Aid sued the United States Department of Justice in an effort to block an opioid lawsuit that accused the company of ignoring warnings and falsely filed thousands of prescriptions for addictive opioid medications. [75] On November 21, a bankruptcy judge ordered Rite Aid to fully reorganize its operations by March 1, 2024.
Pharmacy chain Rite Aid announced it has filed for Chapter 11 bankruptcy, which will likely result in the closure of a number of locations. In a statement released by the chain on Sunday, Rite Aid ...
R ite Aid has filed for bankruptcy protection and plans to sell part of its business as it attempts to restructure while dealing with losses and opioid-related lawsuits.. The company said Rite Aid ...