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Johnson & Johnson, Kenvue ordered to pay $45M in baby powder lawsuit

Johnson & Johnson, Kenvue ordered to pay $45M in baby powder lawsuit
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Rite Aid delays major bankruptcy hearing (Expert Market:RADCQ)

Rite Aid delays major bankruptcy hearing (Expert Market:RADCQ)
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Rite Aid Gets Approval For Next Stage Of Bankruptcy Plan

Rite Aid Gets Approval For Next Stage Of Bankruptcy Plan
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Run-On Sentence, Searching for a Curo, For Pete's Sake, and The Rite Stuff | Seward & Kissel LLP

Sam Bankman-Fried Sentenced to 25 Years in Prison | CoinDesk - FTX founder and former CEO Sam Bankman-Fried has been sentenced to 25 years in prison after being convicted...

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Rite Aid moves ahead on restructuring as sale efforts continue

Rite Aid, one of the largest U.S. pharmacy chains, received permission from a U.S. judge on Thursday to begin voting on a bankruptcy restructuring plan that would turn over most of the company's equity to its bondholders, while still leaving open the possibility of a sale. U.S. Bankruptcy Judge Michael Kaplan approved Rite Aid's voting proposal at a court hearing in Trenton, New Jersey, saying that the bankruptcy case needed to move quickly to avoid further restructuring costs that could push th

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Reuters Health News Summary

Reuters Health News Summary
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Rite Aid moves forward with bankruptcy restructuring

And sale efforts continue

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Rite Aid moves ahead on restructuring as sale efforts continue

Rite Aid, one of the largest U.S. pharmacy chains, received permission from a U.S. judge on Thursday to begin voting on a bankruptcy restructuring plan that would turn over most of the company's equity to its bondholders, while still leaving open the possibility of a sale. U.S. Bankruptcy Judge Michael Kaplan approved Rite Aid's voting proposal at a court hearing in Trenton, New Jersey, saying that the bankruptcy case needed to move quickly to avoid further restructuring costs that could push the company into liquidation. Rite Aid's bankruptcy plan, revised on Thursday, would cut $2 billion in debt and provide $47.5 million to junior creditors, including individuals and local governments who have sued the company for allegedly ignoring red flags and illegally filling prescriptions for addictive opioid medication.

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Rite Aid Moves Ahead on Restructuring as Sale Efforts Continue

Rite Aid Moves Ahead on Restructuring as Sale Efforts Continue
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Rite Aid moves ahead on restructuring as sale efforts continue

Rite Aid, one of the
largest U.S. pharmacy chains, received permission from a U.S.
judge on Thursday to begin voting on a bankruptcy restructuring
plan that would turn over most of the company's...

Trenton , New-jersey , United-states , Alexia-garamfalvi , Andrew-rosenberg , Arik-preis , Dietrich-knauth , Michael-kaplan , Rite-aid , Us-department-of-justice , Junior , Reuters