Rite Aid Corp is said to be preparing for a bankruptcy filing in the upcoming weeks as a response to the lawsuits it is facing regarding its alleged involvement in the sale of opioids.
Along with other pharmacy chains, Rite Aid has been named a defendant in lawsuits that alleged they helped fuel the opioid crisis in the United States.in March sued Rite Aid, accusing the pharmacy chain of missing"red flags" as it illegally filled hundreds of thousands of prescriptions for controlled substances, including opioids.
More than 900,000 people have died of drug overdoses in the United States since 1999, with opioids playing an outsized role, according to data from the U.S. Centers for Disease Control and Prevention. Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox
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