Rite Aid Will File For Chapter 11. Are Opioid Lawsuits To Blame?
October 17, 2023
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10:27Now PlayingRite Aid Will File For Chapter 11. Are Opioid Lawsuits To Blame?
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as posted by the channelRite Aid has sustained $2.9 billion in losses over the last 6 years, and opioid-related lawsuits will certainly not be helping. Cenk Uygur and Ana Kasparian discuss on The Young Turks.
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"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 stores will continue to fill prescriptions, and customers will still be able to visit its locations or shop online while it goes through its voluntary Chapter 11 process. But that process also will allow it to speed up its plan to close underperforming stores."
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