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Rite Aid files for Chapter 11 bankruptcy; 16 locations reportedly closing in NJ
Rite Aid is filing for Chapter 11 bankruptcy for a second time, according to reports. They plan to close more than 300 stores, including 16 in New Jersey. The chain has already stopped issuing customer reward points at closing locations and plans to stop honoring gift cards and processing returns next week.
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Bethany D. Simmons and Noah Weingarten of Loeb & Loeb LLP discuss a bankruptcy issue relating to whether alter ego ...
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