Rite Aid Files for Bankruptcy Amid Opioid Lawsuits, Store Closures, Leadership Shakeup

Rite Aid files for bankruptcy amid opioid-related lawsuits, falling sales
Rite Aid settles for up to $30M to resolve lawsuits alleging pharmacies contributed to opioid oversupply
Rite Aid says bankruptcy filing part of restructuring plan to cut debt and position for future growth
Justice Department filed complaint against Rite Aid for filling hundreds of thousands of illegal opioid prescriptions
Rite Aid CEO replaced, new CEO appointed as part of bankruptcy filing
Rite Aid preparing to close 400-500 stores across U.S., already closed 200+ struggling locations