WSJ News Exclusive
Rite Aid is preparing to file for bankruptcy in order to address lawsuits related to its alleged role in the sale of opioids.
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Posted 8/25/2023, 3:59:00 PM
wsj.com
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Rite Aid's stock plummeted over 50% after reports of the retail pharmacy's preparation to file for Chapter 11 bankruptcy due to increasing costs from opioid lawsuits and potential store closures, with the company's stock losing 90% of its value over the past year.