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:

March 05, 2024
Rite Aid Process To Break Leases, Close Stores In Ch. 11 OK'd

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
US Trustee Objects To Rite Aid Disclosure Statement

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 Gets OK To End Former Queens Store Lease

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
NY Objects To Rite Aid Bid To Close More Stores

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
Rite Aid Seeks To Extend Ch. 11 Exclusivity To Late April

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
US Trustee, Rite Aid Negotiate Revised Mediation Order

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 Ch. 11 Stay Doesn't Apply To Execs, Investors Say

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
11 More Rite Aid Locations Up For Sale In Ch. 11

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
Rite Aid Gets OK For $575M Sale Of Pharma Benefits Program

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
Retail Cases To Watch In 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.