Rite Aid Corp. must pay the legal expenses of a former top lawyer stemming from the drugstore chain’s suit against the ex-executive for his role in a financial scandal at the company.

The Delaware Court of Chancery granted summary judgment in favor of Franklin Brown, Rite Aid’s former executive vice president, chief legal counsel and vice chairman of its board, in an indemnification suit he brought against the company after its state court case in Pennsylvania was dismissed. That civil suit focused on Brown’s alleged misdeeds in connection with an accounting scandal that led to a $1.6 billion accounting restatement in 1999.

This content has been archived.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

Why am I seeing this?

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]