Rite Aid May File for Bankruptcy Over Opioid Lawsuits

Facing billions of dollars in legal liabilities over its alleged role in heavily overprescribing opioids and contributing to the opioid epidemic, the pharmacy chain Rite Aid may be preparing to file for Chapter 11 bankruptcy protection, according to an August 25 Wall St. Journal report. One of the nation’s largest pharmacy chains with over 2,200 locations, Rite Aid faces numerous opioid lawsuits, including one filed by the U.S. Department of Justice earlier this year, which accuses the chain of knowingly filling “unlawful prescriptions for controlled substances” in violation of the False Claims Act and Controlled Substances Act, allegations Rite Aid denies. Rite Aid also faces over 1,000 federal lawsuits, which were consolidated into a multidistrict litigation (MDL) in Ohio. <a href="https://medtruth.medium.com/rite-aid-may-file-for-bankruptcy-over-opioid-lawsuits-6b81d1f8708f">Read More</a>