Article

2023-10-16 Economy

Rite Aid files for bankruptcy as it can't pay hundreds of lawsuits about oversupplied opioids painkillers - leaving an uncertain fate for its 2,100 stores

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Posted by Skidmark 2023-10-16 00:00|| || Front Page|| [17 views ] Top

#1
What next, Lawyers suing the Fed's for seized Drug Cartels $$M & assets?

The DC Swamp is likely to be upset that its dark $$M source is being hampered.

Posted by NN2N1 2023-10-16 06:40|| 2023-10-16 06:40|| Front Page Top

#2 lawsuits that accused them of oversupplying opioids

Without prescriptions or not? Kinda seems to make a difference

Posted by Frank G 2023-10-16 07:00|| 2023-10-16 07:00|| Front Page Top

#3
#2 lawsuits that accused them of oversupplying opioids

Without prescriptions or not? Kinda seems to make a difference
Posted by: Frank G 2023-10-16 07:00

Frank,

The reasoning - as I understand it - is that the drugstores 'should have known' that something was wrong and refused to fill the prescriptions.

Mike

Posted by MikeKozlowski 2023-10-16 09:39|| 2023-10-16 09:39|| Front Page Top

#4 refused to fill the prescriptions

Sounds like a lawsuit, too!

Posted by Frank G 2023-10-16 09:57|| 2023-10-16 09:57|| Front Page Top

#5 Pill counters who believe they know more than the prescribing physician does. Oh, BTW, pharmacies made money off the opoid crisis too.

Posted by M. Murcek 2023-10-16 10:47|| 2023-10-16 10:47|| Front Page Top

#6 OK! A Bigger deeper question.

Which storeS and their locations?

Posted by NN2N1 2023-10-16 11:06|| 2023-10-16 11:06|| Front Page Top

#7 By the article, all the major pharmacies had similar suits but have settled. RiteAid had more cash flow issues so they were unable to use the same plan. Maybe RiteAid makes it out; maybe they don’t. I don’t see any advantage to CVS or Walgreens buying them. They all have stores on the same blocks. If they whack stores, it will be in inverse order of profitability. The locations with excess theft will not make the cut.

Posted by Super Hose 2023-10-16 13:01|| 2023-10-16 13:01|| Front Page Top

#8 When do we start hearing about "DRUG" deserts>

Posted by AlanC 2023-10-16 15:30|| 2023-10-16 15:30|| Front Page Top

#9 3000 brick and mortar banks have closed also in this country. Problem areas have lost banks already.

Posted by Dale 2023-10-16 23:24|| 2023-10-16 23:24|| Front Page Top

23:53 Skidmark
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