Rite Aid files for bankruptcy, will close underperforming stores

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Rite Aid files for bankruptcy, will close underperforming stores
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The Philadelphia-based drugstore chain's bankruptcy filing comes as it faces federal, state and other lawsuits.

Share on email The Philadelphia-based drugstore chain's bankruptcy filing comes as it faces federal, state and other lawsuits tied to allegedly filling unlawful prescriptions for controlled substances, including substances.that it filed for bankruptcy protection in New Jersey and reached an "agreement in principle with key creditors on the terms of financial restructuring plan."In March, the U.S.

Department of Justice filed a lawsuit against Rite Aid accusing the pharmacy chain of knowingly filling unlawful prescriptions for controlled substances, includingthat from May 2014 to June 2019 Rite Aid filled hundreds of thousands of prescriptions "that were medically unnecessary, lacked a medically accepted indication, or were not issued in the usual course of professional practice."Editor's note: This story is developing and will be updated.

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