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What changes in executive leadership will occur at Rite Aid by the end of 2024?
2
Resolution / Starting Odds
CEO Resigns • 25%
CFO Resigns • 25%
Both CEO and CFO Resign • 25%
No Changes • 25%
Publicly available company press releases and news reports
Story
Rite Aid to Pay $101 Million, $409 Million Settlement in Whistleblower Case
Jul 10, 2024, 07:50 PM
Rite Aid Corporation and several of its subsidiaries have agreed to pay $101 million to resolve allegations of failing to accurately report drug rebates to Medicare, according to the U.S. Justice Department. Additionally, Rite Aid will pay $7.5 million and allow a claim of $401.8 million in its bankruptcy case to settle allegations under the False Claims Act and Controlled Substances Act. The Department of Justice also obtained a $409 million settlement in a whistleblower lawsuit against Rite Aid. The firm's blended rate for attorneys in the bankruptcy case was $1,172 hourly for April.
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