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Rite Aid Considers Bankruptcy Filing

Rite Aid is considering its bankruptcy options due to opiod-related legal settlements and subsequent looming debt. "The filing would cover the pharmacy retailer debt, which now sits over $3.3 billion, and pending legal troubles linked to the allegation of Rite Aid’s role in the opioid crisis," per Supermarket News.But the filing would not affect settlements with federal, state, and private individuals to resolve the opioid liabilities. Instead, the company will treat them as general unsecured claims.

Read the whole story at Supermarket News »

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