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Case Status:    ONGOING    
On or around 01/30/2024 (Date of last review)

Filing Date: March 20, 2023

According to the Complaint, Rite Aid Corporation purports to be a on “the front lines of delivering health care services and retail products to over one million Americans daily."

The Complaint alleges that Defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose, among other things, that: (1) Until at least June 2019, Rite Aid filled at least hundreds of thousands of unlawful prescriptions for controlled substances that lacked a legitimate medical purpose, including for potentially lethal opioids such as oxycodone and fentanyl; (2) Rite Aid pharmacists filled these prescriptions despite clear “red flags” that indicated that the prescriptions were unlawful; (3) Rite Aid ignored evidence that its stores were dispensing unlawful prescriptions, and intentionally deleted internal notes about suspicious prescribers written by concerned pharmacists; (4) by knowingly filling unlawful prescriptions for controlled substances, Rite Aid violated the Controlled Substances Act and, where Rite Aid sought reimbursement from federal healthcare programs, also violated the False Claims Act; (5) as a result, it was at risk of prosecution by federal authorities such as the United States Department of Justice and (6) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all times.

On June 22, 2023, the Court issued an Order appointing Lead Plaintiff and Counsel.

On August 1, 2023, the Court issued an Order granting Defendants' Motion to transfer the case to the Eastern District of Pennsylvania. On August 2, the case transferred in and was docketed under 23-CV-02962.

Lead Plaintiff filed an amended Complaint on September 8, 2023.

Defendants filed a Suggestion of Bankruptcy for Rite Aid Corporation on October 17, 2023.

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