June 09, 2025
The New Jersey bankruptcy judge overseeing Rite Aid's current insolvency case pressed pause Monday on appeals of orders he entered last year in the drugstore chain's previous Chapter 11.
June 06, 2025
The twice-bankrupt drug store chain Rite Aid is seeking to reassure landlords who filed a spate of objections in recent days that it intends to continue meeting lease obligations despite its move to close some locations.
June 03, 2025
The state of Maryland has challenged bankrupt drug store chain Rite Aid's bid to extend the automatic stay in its second Chapter 11 case to the state's appeal of a confirmed plan in an earlier bankruptcy, saying the appeal has been fully briefed and won't harm the debtor.
May 27, 2025
Regeneron Pharmaceuticals emerged as the winning bidder for 23andMe last week, agreeing to buy the genetics testing company out of bankruptcy for $256 million. Meanwhile, a judge approved Rite Aid's sale of pharmacy assets to CVS, Walgreens and others, and tensions flared during a hearing in Texas on disputes stemming from an undisclosed romance between a former Jackson Walker attorney and bankruptcy judge.
May 21, 2025
A New Jersey bankruptcy judge Wednesday gave drugstore chain Rite Aid the go-ahead to transfer millions of prescriptions and dozens of stores to CVS, Walgreens and other pharmacy businesses in Chapter 11 transactions.
May 19, 2025
Rite Aid Corp. announced proposed deals to hand off pharmacy assets to operators including CVS and Walgreens in its Chapter 11. Defunct trucking company Yellow Corp. obtained bankruptcy court permission to sell for about $14 million. Forever 21 said it is likely to liquidate and hasn't found a buyer, then got the OK to take votes on its Chapter 11 plan.
May 19, 2025
Rite Aid workers who were laid off in early May have filed a proposed class action against the pharmacy chain in New Jersey bankruptcy court, alleging the company failed to provide required notice to more than 300 corporate employees it terminated as it descended into Chapter 11.