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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 ...
A court-appointed committee representing opioid plaintiffs warned Kaplan at a Thursday court hearing in Trenton, New Jersey, that Rite Aid's bankruptcy could result in no payment to victims ...
MedImpact's attempt to recoup about $200 million related to its purchase of Rite Aid's pharmacy benefit unit failed after a judge ruled on Monday that it took on Elixir's debts when it bought the ...
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.
Pharmacy chain Rite Aid has settled a critical dispute with drug supplier McKesson Corp to ensure that customers' prescriptions will continue to be filled during Rite Aid's bankruptcy, attorneys ...
October 15, 2023 at 8:15 PM. Rite Aid files for bankruptcy amid slowing sales, opioid litigation. Rite Aid filed for Chapter 11 bankruptcy protection in New Jersey on Sunday and said it would ...
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 ...