Bankruptcy announcement of an American network pharmacy company

  A network pharmacy company in America has filed for bankruptcy after numerous lawsuits. Pharmacy chain Rite Aid in America has filed for bankruptcy after multiple opioid complaints and $3.3 billion in debt. Pharmacy chain Rite Aid is facing more than a thousand federal and multi-state lawsuits over opioids that have exacerbated America's addiction crisis due to an oversupply of painkillers. The company also faced a civil lawsuit from the US Department of Justice accusing the company of violating the Controlled Substances Act and making false statements. Last March, the U.S. Department of Justice accused Rite Aid and other pharmacies of complicity in an oversupply of these highly addictive drugs, saying that Rite Aid placed hundreds of thousands of drugs on the market in defiance of legal requirements and provided drugs to patients with serious illnesses. U.S. chain pharmacies Walgreens and CVS are also facing similar complaints. This is not the first time the company has gone bankrupt due to lawsuits related to its handling of America's opioid crisis. Three pharmaceutical companies, Perdopharma, Mallinckrodt and Endo International, sold painkillers to patients during America's opioid crisis, all of which were forced to pay out billions of dollars in compensation and subsequently filed for bankruptcy.