Rite Aid Files For Bankruptcy After Delaying Financial Results Last Week

Rite Aid (NYSE: RAD) filed for Chapter 11 bankruptcy on Sunday in New Jersey after grappling with numerous lawsuits tied to the opioid crisis. The company has been unable to generate the funds required to settle these claims, which allege over-supply of prescription painkillers. Founded 61 years ago, the company now risks over 47,000 jobs … Continue reading Rite Aid Files For Bankruptcy After Delaying Financial Results Last Week