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Rite Aid Ch. 11 Shows NJ Is A Good Place To Go Bankrupt

By Hilary Russ ( October 18, 2023, 6:02 PM EDT) -- Until recently, it would have been surprising if Rite Aid Corp. chose to file its $7.65 billion bankruptcy in New Jersey over the two other prominent courts nearby that handle most megacases. But that's exactly what the drugstore chain did on Sunday, likely lured by New Jersey's roster of experienced judges, corporate-friendly rulings and convenient location, lawyers told Law360....

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