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Rite Aid Files for Bankruptcy It s All About Opioid Lawsuits

Drugstore chain Rite Aid filed for bankruptcy late Sunday, said it will close more of its stores and named a new CEO as part of a restructuring.

United statesElizabeth burrJeffrey steinCallum keownJustice departmentRite aidElixir solutionsGetty imagesWall street journalArticle normalRetail wholesalePharmacies drugstoresSpecialty retailingCorporate crime legal actionCapacity facilitiesManagement moves

Mallinckrodt Bankruptcy Plan Gets Approval, Will Wipe Out $1 Billion in Opioid Payments

Creditors will take control of the company following the opioid maker’s second bankruptcy in less than three years

Healthcare life sciencesSpecialized drugs medicationsNorth americaUnited statesCorporate strategy planningCorporate crime legal actionOwnership changesAcquisitions mergers shareholdingsCorporate actionsBankruptcy reorganizationCorporate industrial newsCorporate financial difficultyCorporate organizational restructuringEconomic newsDrug substance use abusePolitical general news

SmileDirectClub files Chapter 11 bankruptcy, founders to recapitalize

SmileDirectClub Inc. sank in the extended session Friday after the teeth-straightening company said voluntarily filed for Chapter 11 bankruptcy protection.

United statesSmiledirectclub incArticle normalComputers consumer electronicsApplications softwareMedical equipment suppliesHealth careDental equipment implantsMedical devices apparatusCorporate changesStock listingsFinancial performanceShare price movement disruptionsCorporate fundingShare capitalInitial public offerings

Yes, bankruptcies are on the rise in the US – but there s no need to panic

It should come as no surprise that commercial bankruptcy filings are up but the bigger picture tells a different story

United statesBed bath beyondParty citySilicon valley bankBed bathEpiq bankruptcyGreat recessionSmall business reorganization actParty cityOmmercial bankruptcy filingsBankruptcy filingsBankruptcy filingBankruptcy reorganizationUnprecedented increase

Orbital Infrastructure Selloff Extends After Bankruptcy Filing

By Dean Seal Shares of Orbital Infrastructure Group plummeted after the company and multiple subsidiaries filed voluntary Chapter 11 petitions in federal.

United statesJim oneilOrbital infrastructure groupGibson technical servicesUs bankruptcy courtSouthern districtFront line power constructionOrbital infrastructureFront lineExecutive jimo neilDean sealArticle normalFinancial performanceShare price movement disruptionsOwnership changesAcquisitions mergers shareholdings

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