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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 billion and turn over control to a group of lenders.
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 ...
Rite Aid's bankruptcy plan, revised on Thursday, would cut $2 billion in debt and provide $47.5 million to junior creditors, including individuals and local governments who have sued the company ...
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.
Rite Aid has filed for bankruptcy protection and plans to sell part of its business as it attempts to restructure while dealing with losses and opioid-related lawsuits. The company said Rite Aid ...
The post Rite Aid seeks Chapter 11 bankruptcy protection as it deals with lawsuits and losses appeared first on TheGrio. ... The company’s filing in U.S. Bankruptcy Court in New Jersey listed $8 ...
Rite Aid has asked a court to dismiss the department’s lawsuit and denied allegations that it filled unlawful opioid prescriptions. — CNBC’s Christine Wang contributed to this report. Rite ...
Updated June 20, 2024 at 8:17 AM. Angus Mordant. Rite Aid is closing 27 more locations as it continues to work through a bankruptcy proceeding, according to a new court filing. The store locations ...