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June 28, 2024 at 4:14 PM. By Dietrich Knauth. 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 ...
Rite Aid, one of the largest U.S. pharmacy chains, received permission from a U.S. judge on Thursday to begin voting on a bankruptcy restructuring plan that would turn over most of the company's ...
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 ...
On October 15, 2023, amid several opioid lawsuits and legal battles, Rite Aid and some of its affiliated debtors filed for Chapter 11 bankruptcy protection in the United States District Court for the District of New Jersey. The next day, the company was delisted from the New York Stock Exchange, and commenced trading over-the-counter.
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.
A McKesson spokesperson confirmed that the dispute has been resolved and that the company will continue to make shipments during Rite Aid's bankruptcy. Rite Aid has relied on McKesson for its ...
Rite Aid filed for bankruptcy in 2023 and closed dozens of Ohio stores. ... Court filings revealed more of the drug store’s closings after filing for Chapter 11 bankruptcy last October, a move ...
The Bartell Drug Company, commonly known as Bartell Drugs or " Bartell's ", is an American chain of pharmacies in the Puget Sound region of the State of Washington. The company was founded in 1890 in Seattle and grew to primarily serve the surrounding metropolitan area. Bartell was believed to be the nation's oldest existing family-owned ...