HomeBusinessHealthcare Industry Stock NewsRAD Bankruptcy Filing To Halt Lawsuits & TWNK Explores Sale With Morgan Stanley

RAD Bankruptcy Filing To Halt Lawsuits & TWNK Explores Sale With Morgan Stanley

Rite Aid (RAD) is preparing to file for Chapter 11 bankruptcy. RAD faces over $3.3B in debt. RAD also faces over 1,000 lawsuits due to allegedly over-prescribing opioids. The bankruptcy filing is to halt the opioid lawsuits. Jenny Horne discusses this, along with Hostess Brands (TWNK). TWNK is working with Morgan Stanley to explore a sale. Tune in to find out more about the stock market today.

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25 Aug 2023

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