Rite Aid reaches bankruptcy settlement with lenders, DOJ, McKesson [Reuters]
McKesson Corporation (MCK)
Last mckesson corporation earnings: 2/4 07:00 am
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Source: Reuters
NEW YORK, March 26 (Reuters) - Pharmacy chain Rite Aid (RADCQ.PK) , opens new tab has reached a settlement with its lenders, the U.S. Department of Justice, and drug supplier McKesson Corp (MCK.N) , opens new tab , clearing a path for Rite Aid to complete its bankruptcy case by late April, a company lawyer said Tuesday. "We have reached an agreement on all key points with all key economic stakeholders," Rite Aid attorney Aparna Yenamandra said at a bankruptcy court hearing in Trenton, New Jersey. Yenamandra did not provide details about the settlement, saying that some issues needed to be worked out before it can be presented in court. The deal does not currently have the support of creditors who have sued Rite Aid over its sale of opioid medications, according to Arik Preis, an attorney representing Rite Aid's opioid creditors. Before it filed for bankruptcy, Rite Aid faced over 1,600 lawsuits alleging that pharmacy chain ignored red flags and illegally filled prescriptions for
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MCK
Earnings
- 2/7/24 - Beat
MCK
Sec Filings
- 3/18/24 - Form 4
- 3/15/24 - Form 144
- 3/5/24 - Form 4
- MCK's page on the SEC website