Rite Aid Corporation

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Case overview

Case Number:

3:23-bk-18993

Court:

New Jersey

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

September 23, 2024
Decline And Fall: Brand Empires That Hit Bankruptcy

When food container maker Tupperware filed for Chapter 11 in Delaware last week, disclosing more than $1 billion in liabilities and plans for a quick sale, it became the latest iconic brand to seek relief from financial woes in bankruptcy court, following in the footsteps of giants from Rite Aid to RadioShack.
August 29, 2024
Judge Won't Freeze Rite Aid Ch. 11 Plan For Maryland Appeal

National pharmacy chain Rite Aid is set to exit Chapter 11 after a New Jersey bankruptcy judge Thursday found the state of Maryland missed the mark in its attempt to pause a reorganization plan from taking effect as it appeals the court's confirmation and final debtor-in-possession orders.
August 21, 2024
Calif. AG Secures Rite Aid Deal Ensuring Pharmacy Access

California Attorney General Rob Bonta has announced a settlement with Rite Aid Corp. that will allow his office to oversee any changes in ownership of the company's retail pharmacy outlets across the state.
July 24, 2024
Rite Aid's Elixir Buyer Must Pay Additional $50M In Ch. 11 Sale

Prescription benefits group MedImpact owes an extra $50 million on top of $576 million it paid Rite Aid for its former benefits division Elixir, a New Jersey bankruptcy judge ruled Wednesday, saying his earlier ruling on $200 million in disputed liabilities from the sale didn't fundamentally disrupt a post-closing price adjustment.
July 15, 2024
Giuliani Booted, Purdue Regroups, Redbox Pivots

Rudy Giuliani's Chapter 11 case was tossed for his lack of financial disclosures, Purdue Pharma pressed for renewed plan mediation as creditors hedged their bets by seeking permission to sue its owners, and the parent company of Redbox pivoted to a liquidation due to what it described as mismanagement of the business.
July 11, 2024
Rite Aid Gets OK To Sell Interests In Its Loan To MedImpact

A New Jersey bankruptcy judge on Thursday approved Rite Aid's sale of most of its interests in a $567 million loan that it made, the proceeds of which it will distribute to creditors under its Chapter 11 reorganization plan.
July 10, 2024
Rite Aid, DOJ Craft $410M Settlement Of Opioid Sale Claims

Rite Aid agreed to a nearly $410 million settlement with the U.S. Department of Justice, the bulk of which will be an unsecured claim in the company's Chapter 11 case, that will put to bed allegations the pharmacy chain dispensed opioids illegally, the DOJ announced Wednesday.
July 08, 2024
Rite Aid Says Elixir Buyer In Contempt Over Liability Dispute

Bankrupt pharmacy chain Rite Aid has asked a New Jersey bankruptcy judge to find the purchaser of its prescription benefits subsidiary in contempt, saying the buyer is defying his orders by refusing to assume $200 million of the subsidiary's liabilities.
June 28, 2024
Rite Aid Ch. 11 Plan OK'd With Insurers' Objections Resolved

A New Jersey bankruptcy judge Friday approved pharmacy chain Rite Aid's Chapter 11 restructuring plan after the company said it had resolved objections from its insurance carriers to how the plan treats their policies.
June 27, 2024
Insurers Call Rite Aid Ch. 11 Opioid Deal Unfair

Counsel for bankrupt drugstore chain Rite Aid told a New Jersey bankruptcy judge Thursday that it hopes to reach an agreement with at least some of its insurers on payments into an opioid settlement fund before closing arguments in its Chapter 11 plan confirmation Friday.

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