Judge Trims $60M Suit Over Canceled Rite Aid Stores

Law360, Los Angeles (February 18, 2014, 8:43 PM EST) -- A Washington federal judge on Tuesday trimmed a number of claims from a lawsuit brought against Rite Aid Corp. and Thrifty PayLess Inc. for allegedly breaching rent contracts and racking up $60 million in unpaid rent and contractors' out-of-pocket expenses through a “preferred developer” scheme.

The developers, who had been on Rite Aid's go-to list for the construction of new stores, claimed in the 2012 suit that the company illegally terminated leases and other financial agreements when the 2008 recession caused it to rethink opening a...
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