the staff of the Ridgewood blog
Twp. of Washington NJ, Drugstore chain Rite Aid plans to shut down hundreds of stores in bankruptcy, according to the Wall Street Journal, as the company figures out how to address billions of dollars’ worth of debt and a swath of opioid-related lawsuits.
Rite Aid has 105 stores in New Jersey and has proposed closing about 400 to 500 of its more than 2,100 stores company-wide in bankruptcy and either sell them or allow creditors to take control of the remaining operations, the Journal reported, citing people familiar with the bankruptcy proceedings.
The U.S. Department of Justice filed a lawsuit against Rite Aid earlier this year, claiming that the company had knowingly filled “unlawful prescriptions for controlled substances” in violation of the False Claims Act and Controlled Substances Act.
Rite Aid has denied allegations that it filled unlawful prescriptions, the Journal reported. A bankruptcy filing would also halt these suits for the time being and provide the company with another pathway to resolve them, according to the newspaper.
Bankruptcy would also be the easiest way for Rite Aid to dump a number of its stores, which are trapped in uneconomical long-term leases, the Journal reported.
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as usual thank the lawyers for effing up everything
have they ever heard of personal responsibility??
whats next … sue beer brewers when some dope gets a DWI
Pharmacists, like other health care professionals are licensed and are subject to professional and ethical standards. In this case several employee pharmacists contacted superiors at Rite Aid to warn about prescribers who were “cash only pill mills”. The corporate response was to instruct them to not put information like this in writing and to keep filling the drug prescriptions.
Personal responsibility is important but so is corporate responsibility. Rite Aid might be a huge company with 2100 retail locations but they were acting the same way as a small time drug dealer on a corner.
The DEA receives reports from pharmacies of opiod and other prescriptions so they are able to identify ‘pill mills’ so junkies using various pharmacies area unable to protect the Dr doing the prescribing.
A prescription gets filled by the retailer and they are not in the position to be the cop.
If they simply accused a pill mill they would get sued for slander.
they need to notify the DEA to enforce the rules.
Anyone know when Cvs is going to open up on Ridgeway Avenue in Paramus Road
Possibly never, for sale sign on property, if CVS happening likely would not be advertising lot for sale.
I believe CVS abandoned ship. Too much of the property is not buildable.