Rite Aid's Ch. 11 Plan Called An 'Unmitigated Disaster'

By Yun Park · April 17, 2024, 8:13 PM EDT

An array of Rite Aid creditors, including a whistleblower, a former employee, and rivals Walmart, Walgreens and CVS, are fighting the insolvent drugstore chain's second amended Chapter 11 plan in New...

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Bankruptcy Scorecard

Summary

Bankrupt drugstore chain Rite Aid filed for Chapter 11 Oct. 15 with plans to close more retail locations, sell its pharmacy benefits manager business and shed some of its $4 billion of total funded debt.

Case Number

3:23-bk-18993

Judge

Michael B. Kaplan

Venue

U.S. Bankruptcy Court for the District of New Jersey

Capital Structure

Total Liabilities:

$4 billion

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Documents

Related Sections

Case Information

Case Title

Rite Aid Corporation

Case Number

3:23-bk-18993

Court

New Jersey

Nature of Suit

Date Filed

October 15, 2023

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