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Search resuls for: "Companies Rite Aid"


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☆ Bankrupt drugstore chain Rite Aid raises going concern doubts
  + stars: | 2023-10-18 | by ( ) www.reuters.com   time to read: +1 min
A woman shops inside a Rite Aid store underneath a DeepCam security camera in New York City, New York, U.S., June 25, 2020. Picture taken June 25, 2020. REUTERS/Lucas Jackson/File Photo Acquire Licensing RightsCompanies Rite Aid Corp FollowOct 18 (Reuters) - U.S. drugstore chain Rite Aid (RADCQ.PK) raised concerns about its ability to remain in business in a regulatory filing on Wednesday, days after it filed for bankruptcy protection. Rite Aid said its ability to continue is dependent on successfully emerging from its Chapter 11 cases and generating sufficient liquidty after restructuring its business. Reporting by Bhanvi Satija in Bengaluru; Editing by Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.
Persons: Lucas Jackson, Bhanvi, Arun Koyyur Organizations: REUTERS, Companies Rite Aid, Aid, Thomson Locations: New York City , New York, U.S, Bengaluru
☆ Rite Aid joins companies going bankrupt amid opioid litigation
  + stars: | 2023-10-16 | by ( ) www.reuters.com   time to read: +1 min
A woman shops inside of a Rite Aid store underneath a DeepCam security camera in New York City, New York, U.S., June 25, 2020. REUTERS/Lucas Jackson/File Photo Acquire Licensing RightsCompanies Rite Aid Corp FollowOct 16 (Reuters) - Drugstore chain Rite Aid (RAD.N) is the latest U.S. company to seek bankruptcy protection following pressure from lawsuits alleging that they helped fuel the opioid crisis. Litigation against drugmakers, pharmacies and distributors, claiming that drugmakers downplayed the risks of opioids and that distributors and pharmacies failed to prevent them from being diverted to the illegal market has resulted in more than $50 billion in total settlements. Here is a list of companies forced to file for bankruptcy protection, mainly due to U.S. opioid lawsuits and settlements. Reporting by Pratik Jain and Leroy Leo in Bengaluru; Editing by Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.
Persons: Lucas Jackson, drugmakers, Pratik Jain, Leroy Leo, Arun Koyyur Organizations: Rite, REUTERS, Companies Rite Aid, U.S . Centers for Disease Control, Prevention, drugmakers, Thomson Locations: New York City , New York, U.S, Bengaluru
☆ US sues Rite Aid for missing opioid red flags
  + stars: | 2023-03-13 | by ( Jonathan Stempel | Industry Insight | Messaging Platform | ) www.reuters.com   time to read: +3 min
Companies Rite Aid Corp FollowWASHINGTON, March 13 (Reuters) - The U.S. government on Monday sued Rite Aid Corp (RAD.N), accusing the pharmacy chain of missing red flags as it illegally filled hundreds of thousands of prescriptions for controlled substances, including opioids. Rite Aid pharmacists were accused of filling prescriptions for controlled substances despite clear signs it was wrong. The Justice Department also said Rite Aid intentionally deleted some pharmacists' internal warnings about suspicious prescribers, such as "cash only pill mill??? Rite Aid is one of the country's largest pharmacy chains, with more than 2,330 stores in 17 U.S. states. The case is U.S. ex rel White et al v Rite Aid Corp et al, U.S. District Court, Northern District of Ohio, No.
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