Rite Aid Corporation

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Case overview

Case Number:

3:23-bk-18993

Court:

New Jersey

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

July 08, 2024
Rite Aid Says Elixir Buyer In Contempt Over Liability Dispute

Bankrupt pharmacy chain Rite Aid has asked a New Jersey bankruptcy judge to find the purchaser of its prescription benefits subsidiary in contempt, saying the buyer is defying his orders by refusing to assume $200 million of the subsidiary's liabilities.
June 28, 2024
Rite Aid Ch. 11 Plan OK'd With Insurers' Objections Resolved

A New Jersey bankruptcy judge Friday approved pharmacy chain Rite Aid's Chapter 11 restructuring plan after the company said it had resolved objections from its insurance carriers to how the plan treats their policies.
June 27, 2024
Insurers Call Rite Aid Ch. 11 Opioid Deal Unfair

Counsel for bankrupt drugstore chain Rite Aid told a New Jersey bankruptcy judge Thursday that it hopes to reach an agreement with at least some of its insurers on payments into an opioid settlement fund before closing arguments in its Chapter 11 plan confirmation Friday.
June 26, 2024
Rite Aid To Seek Dismissal Of Maryland Ch. 11 Suit

Thursday's Chapter 11 plan confirmation hearing for Rite Aid will open with arguments on whether the drugstore chain can use its bankruptcy to escape fraud claims lodged by the state of Maryland over the company's opioid sales.
June 24, 2024
Rite Aid Ch. 11 Plan Hearing Set Over Insurer Opposition

A New Jersey bankruptcy judge kept the Chapter 11 plan confirmation hearing of drugstore chain Rite Aid Corp. on track Monday, denying a request from the debtor's insurers to delay the proceedings to allow for additional discovery about the plan's impact on their contractual rights.
June 20, 2024
Insurers Say Rite Aid Ch. 11 Plan Impairs Contractual Rights

A group of insurers that issued policies to Rite Aid Corp. opposed the company's Chapter 11 plan in New Jersey bankruptcy court, saying in an objection that the plan would undercut the insurer's contractual rights and seeks to box in the insurers on the liability related to opioid claims.
June 18, 2024
Rite Aid, SVB Affiliates Among Top 2024 Ch. 11 Sales So Far

Branches of Rite Aid and Silicon Valley Bank, technology and biotech firms and a discount store chain were among the companies that attracted top dollar in the Chapter 11 auctions held during the first half of 2024.
June 07, 2024
Rite Aid Can Borrow Another $75M In Ch. 11 Plan Pursuit

Bankrupt retail drug-store chain Rite Aid Corp. received court approval on Friday in New Jersey for an amended debtor-in-possession financing package that provides $75 million in new-money financing as it moves toward confirmation of a Chapter 11 plan.
June 03, 2024
Rite Aid Says Elixir Buyer On Hook For $225M In Liabilities

Rite Aid alleged the buyer of its prescription benefits subsidiary is trying to dodge $225 million of liabilities that were part of the sale closed in February, and asked a New Jersey bankruptcy judge to find that the stalking-horse bidder agreed to take on the disputed debt as part of their $577 million deal.
May 30, 2024
Rite Aid Ch. 11 Timeline Extended To Allow More Plan Review

A New Jersey judge on Thursday lengthened the timeline for Rite Aid to seek an exit from its Chapter 11 bankruptcy, pushing the confirmation hearing date out by seven days after insurers and others said the company's schedule would not provide enough time to review its restructuring plan.