A Popular Drug Store Chain Is Nearing Bankruptcy as Opioid Lawsuits Mount and Financial Woes Deepen
Rite Aid is on the brink of filing for bankruptcy amid mounting federal and state lawsuits regarding opioid-related settlements, which have resulted in increasing debt, The Wall Street Journal reported. The pending bankruptcy filing follows a period of difficulties for Rite Aid over the past five years, including store closures (145 last year alone) and…