January 09, 2024
A New Jersey bankruptcy judge on Tuesday gave drugstore chain Rite Aid the go-ahead to accept a $575 million bid for its Elixir prescription benefits program after hearing the company had received no other offers.
January 01, 2024
A wide variety of cases are likely to keep retail industry attorneys busy in 2024, including high-profile antitrust actions against Amazon and Google, a growing number of greenwashing disputes, and skirmishes between major retailers and their increasingly unionized workforces.
December 20, 2023
With the curtain closing on 2023, bankruptcy experts say the past year has featured cases and legal issues of great importance to the practice area that will have implications for years to come.
December 20, 2023
Bankrupt pharmacy chain Rite Aid Corp. told a New Jersey judge Tuesday that it intends to begin mediation over its Chapter 11 plan in the new year with a goal of reaching consensus with creditors ahead of a February confirmation hearing.
December 14, 2023
A New Jersey bankruptcy judge Thursday denied the Service Employees International Union's claim it is entitled to information on how to contact potential buyers of the Rite Aid locations where its members work, saying that's not a part of its contract with the bankrupt drugstore chain.
November 21, 2023
A New Jersey bankruptcy judge Tuesday told counsel for Rite Aid Corp. and the creditors in its Chapter 11 case that he will be handing down a decision on its restructuring plan at the end of February.
November 17, 2023
Rite Aid Corp. asked a New Jersey bankruptcy judge to issue an injunction blocking the federal government from litigating a whistleblower suit in Ohio over the filling of illegal opioid prescriptions until the bankruptcy court can approve a reorganization plan.
November 16, 2023
The U.S. Department of Justice told a New Jersey bankruptcy court Thursday that it would insist upon having 180 days to file claims against the estate of bankrupt pharmacy chain Rite Aid, even as the debtor and other parties expressed concern such a long time frame could sink the bankruptcy.
November 02, 2023
Bankrupt drugstore chain Rite Aid Corp. added 24 stores to the list of locations it intends to liquidate and shutter in its Chapter 11 case Thursday, telling a New Jersey federal bankruptcy court the stores will join an initial batch of 154 stores slated for closing sales.
October 26, 2023
Rite Aid Corp. on Thursday temporarily resolved its dispute with medicine supplier McKesson Corp. to keep medicine deliveries to the bankrupt drugstore chain running uninterrupted, with the two parties agreeing to enact their settlement on an interim basis to allow unsecured creditors time to review it.