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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Rite Aid files for Chapter 11 bankruptcy protection amid opioid suits - The Washington Post
Rite Aid files for bankruptcy
Rite Aid files for bankruptcy, announces financial restructuring plans amid opioid complaints, lawsuits - ABC News
US drug chain Rite Aid files for bankruptcy amid rising debt and opioid lawsuits, US news
Rite Aid files for bankruptcy amid opioid lawsuits and falling sales
Rite Aid files for bankruptcy amid opioid lawsuits and falling sales
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