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What will be Rite Aid's net financial performance for Q4 2024?
3
Resolution / Starting Odds
Net Profit • 25%
Net Loss < $100 Million • 25%
Net Loss $100-$500 Million • 25%
Net Loss > $500 Million • 25%
Publicly available financial statements and earnings 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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Above Expectations • 33%
Meets Expectations • 33%
Below Expectations • 33%
Increase by more than 20% • 25%
Increase by 0-20% • 25%
Decrease by 0-20% • 25%
Decrease by more than 20% • 25%
Revenue increases • 25%
Revenue decreases • 25%
Net income increases • 25%
Net income decreases • 25%
Less than $20M • 25%
$20M - $30M • 25%
$30M - $40M • 25%
More than $40M • 25%