March 05, 2024
A New Jersey bankruptcy judge on Tuesday signed off on procedures for bankrupt retail pharmacy chain Rite Aid Corp. to potentially shutter 210 rented stores with fast-approaching lease rejection deadlines, overruling objections from two landlords.
February 23, 2024
The U.S. Trustee's Office has flagged what it called "objectionable" proposals from Rite Aid to hold post-confirmation votes on some Chapter 11 plan releases, as well as shortening senior secured voting and preemptively deeming unsecured creditors as detractors.
February 21, 2024
Rite Aid Corp. was given permission Wednesday to reject a lease and sublease for a former store in Queens, New York, after a New Jersey bankruptcy judge found that doing so would benefit the debtor's estate.
February 14, 2024
The state of New York asked a New Jersey bankruptcy judge Wednesday to keep two Rite Aid stores in Buffalo and Poughkeepsie, New York, out of the list of stores slated for closure in the pharmacy chain's Chapter 11 case, saying the closures would reduce pharmacy access for people in those communities.
February 12, 2024
Drugstore chain Rite Aid has urged a New Jersey bankruptcy judge to extend its Chapter 11 exclusivity period "out of an abundance of caution," explaining that although the company already filed its plan and disclosure statement, an extension would allow constructive mediation between parties.
January 29, 2024
A New Jersey bankruptcy judge said Monday he would approve a revised mediation order in the bankruptcy of Rite Aid Corp. after the U.S. Trustee's Office suggested changes to an earlier order.
January 17, 2024
Rite Aid shareholders urged a Pennsylvania federal court this week to not pause their class claims alleging company executives made misleading statements about the pharmacy retailer's opioid-related liabilities, asserting that the individuals named in the lawsuit are not covered by an automatic stay in the firm's ongoing Chapter 11 case.
January 16, 2024
The real estate adviser for bankrupt pharmacy chain Rite Aid Corp. announced Tuesday it was putting eight more leases and three more company-owned stores up for private sales.
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.