As it navigates Chapter 11 bankruptcy, Rite Aid and its key drug supplier, McKesson, have made peace, at least for now, averting the risk that McKesson would halt drug deliveries to its 2,100 stores as early as this week.
In a fiery adversary lawsuit filed Monday, Philadelphia-based Rite Aid’s legal team at Kirkland & Ellis had accused Irving, Texas-based McKesson of claiming to cancel the supply agreement, a move Rite Aid called a cynical negotiating ploy that used the well-being of its pharmacy customers as a bargaining chip.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
