Rite Aid filed for bankruptcy on Sunday in New Jersey, unable to find the money to settle hundreds of federal, state and private lawsuits alleging it oversupplied prescription painkillers.

Sept 22 (Reuters) - Rite Aid is negotiating with creditors over the terms of a bankruptcy plan that would include liquidating a substantial portion of its more than 2,100 drugstores, the Wall...

Sep 25, 2023 · Rite Aid is in negotiations with creditors over a plan to liquidate up to 500 of its approximately 2,200 locations in 17 states as part of a possible Chapter 11 filing, The Wall Street...

Sep 22, 2023 · Rite Aid is negotiating with creditors over the terms of a bankruptcy plan that would include liquidating a substantial portion of its more than 2,100 drugstores, the Wall Street Journal...

Aug 25, 2023 · Shares of Rite Aid plunged by about 50% after The Wall Street Journal reported the drugstore chain is preparing to file for chapter 11 bankruptcy in the coming weeks. The bankruptcy is to...

Sep 25, 2023 · PHILADELPHIA (WPVI) -- Philadelphia-based Rite-Aid pharmacy will soon shutter hundreds of its stores nationwide. Action News has learned the closures are part of a bankruptcy plan amid mounting...

Rite Aid has struck a preliminary deal to transfer ownership of the bankrupt drugstore operator to senior bondholders while also settling lawsuits over its alleged role in overprescribing...

Aug 25, 2023 · Rite Aid Corp is preparing to file for bankruptcy in coming weeks to address lawsuits the drugstore chain is facing over its alleged role in the sale of opioids, the Wall Street Journal...

Rite Aid has said it aims to keep cutting expenses through 2024 by ramping up store closures and shrinking its workforce. Photo: Mario Tama/Getty Images

Shares dropped more than 50% to an intraday low of 66 cents a share after the Wall Street Journal reported the company was filing to cover more than $3.3 billion in debt amid lawsuits that allege...