Pharmacy Chain Rite Aid Files For Bankruptcy Amid Fallout From Opioid-Related Lawsuits

Photo caption: A Rite Aid store in Pittsburgh on Jan. 23, 2023. The chain has filed for bankruptcy amid falling sales and dealing with opioid-related lawsuits. Photo credit: AP Photo / Gene J. Puskar, File. Article by The Associated Press. HuffPost – October 16, 2023.

PHILADELPHIA (AP) — Major U.S. pharmacy chain Rite Aid said Sunday that it has filed for bankruptcy and obtained $3.45 billion in fresh financing as it carries out a restructuring plan while coping with falling sales and opioid-related lawsuits. In 2022, Rite Aid settled for up to $30 million to resolve lawsuits alleging […]

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