Rite Aid files for bankruptcy, announces financial restructuring plans amid opioid complaints, lawsuits - ABC News
Rite Aid filed for Chapter 11 bankruptcy protection on Sunday and announced a new CEO as it takes on financial restructuring, legal complaints.
The drugstore chain operates over 2,100 locations across 17 states.
The company, which reportedly has billions of dollars in debt and is facing more than 1,000 lawsuits claiming it filled illegal prescriptions for painkillers, will close hundreds of stores.
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ABC News on X: Rite Aid says 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
Rite Aid prepares to file for bankruptcy to shield it from opioid lawsuits: report
Rite Aid prepares to file for bankruptcy to shield it from opioid lawsuits: report
Rite Aid pharmacy files for bankruptcy month after it announces plan to close hundreds of stores - 6abc Philadelphia
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Johnson & Johnson to pay $8.9 billion to settle claims baby powder, other talc products caused cancer - ABC News, johnson baby
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