November 21, 2023
A New Jersey bankruptcy judge Tuesday told counsel for Rite Aid Corp. and the creditors in its Chapter 11 case that he will be handing down a decision on its restructuring plan at the end of February.
November 17, 2023
Rite Aid Corp. asked a New Jersey bankruptcy judge to issue an injunction blocking the federal government from litigating a whistleblower suit in Ohio over the filling of illegal opioid prescriptions until the bankruptcy court can approve a reorganization plan.
November 16, 2023
The U.S. Department of Justice told a New Jersey bankruptcy court Thursday that it would insist upon having 180 days to file claims against the estate of bankrupt pharmacy chain Rite Aid, even as the debtor and other parties expressed concern such a long time frame could sink the bankruptcy.
November 02, 2023
Bankrupt drugstore chain Rite Aid Corp. added 24 stores to the list of locations it intends to liquidate and shutter in its Chapter 11 case Thursday, telling a New Jersey federal bankruptcy court the stores will join an initial batch of 154 stores slated for closing sales.
October 26, 2023
Rite Aid Corp. on Thursday temporarily resolved its dispute with medicine supplier McKesson Corp. to keep medicine deliveries to the bankrupt drugstore chain running uninterrupted, with the two parties agreeing to enact their settlement on an interim basis to allow unsecured creditors time to review it.
October 20, 2023
Rite Aid Corp. announced plans this week to sell 78 Rite Aid and Bartell Drugs pharmacy leases, along with 21 fee-owned properties, as part of the company's sprawling bankruptcy case in New Jersey.
October 19, 2023
Rite Aid Corp. will pay two new directors $50,000 per month to sit on the board of the bankrupt drugstore chain after awarding them $200,000 each for roughly three months of consulting work, the company said in a regulatory filing Thursday.
October 19, 2023
Pharmacy chain Rite Aid Corp. says its Chapter 11 bankruptcy filing Sunday has put at risk its ability to continue operating its business — citing in a quarterly report "substantial doubt" about whether it can "continue as a going concern."
October 18, 2023
Until recently, it would have been surprising if Rite Aid Corp. chose to file its $7.65 billion bankruptcy in New Jersey over the two other prominent courts nearby that handle most megacases. But that's exactly what the drugstore chain did on Sunday, likely lured by New Jersey's roster of experienced judges, corporate-friendly rulings and convenient location, lawyers told Law360.
October 17, 2023
Rite Aid Corp. struck a tentative deal on Tuesday with its key supplier, McKesson Corp., paving the way for the bankrupt drugstore chain to continue getting $9 billion of medicines annually and clearing an important early hurdle in its Chapter 11 case in New Jersey.