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Rite Aid Files For Bankruptcy Amid Drop In Sales, Opioid Lawsuits Rite Aid Files For Bankruptcy Amid Drop In Sales, Opioid Lawsuits
Rite Aid Files For Bankruptcy Amid Drop In Sales, Opioid Lawsuits One of the country’s largest pharmacy chains has just filed for bankruptcy. The move by Rite Aid comes amid declining sales and a rise in debt, which hit $3.3 billion, according to midyear filings.  The company said in an announcement on Sunday, Oct. 15 that in connection with the filing, it has received a commitment for $3.45 billion in new financing from some of its lenders.  "This financing is expected to provide sufficient liquidity to support the company throughout this process," Rite Aid said. Rite Aid is one of a number of drugstore chains facing litigation related to the…

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by Joe Lombardi
Business
Chris Cuomo Sues CNN For $125M, Citing 'Smear Campaign' After His Firing, Reports Say Chris Cuomo Sues CNN For $125M, Citing 'Smear Campaign' After His Firing, Reports Say
Chris Cuomo Sues CNN For $125M, Citing 'Smear Campaign' After His Firing, Reports Say Former CNN anchor Chris Cuomo is planning a massive lawsuit against his former employers after he was accused of misconduct in the workplace, according to new reports, including by Deadline. Cuomo, who was let go by CNN in late 2021, is alleging that CNN and parent company WarnerMedia launched a “smear campaign” against him, and he is seeking more than $125 million in damages, claiming that his career has suffered as a result of their actions. 
“Cuomo has had his journalistic integrity unjustifiably smeared, making it difficult if not impossible for Cuomo to find similar work in the future …

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by Zak Failla
Business
BMW's Self-Closing Door Severed Area Man’s Thumb, Lawsuit Says BMW's Self-Closing Door Severed Area Man’s Thumb, Lawsuit Says
BMW's Self-Closing Door Severed Area Man’s Thumb, Lawsuit Says A systems engineer from the tristate area is suing BMW for $13.5 million after he said the self-closing door of his car severed his right thumb. Godwin Boateng of Valley Stream on Long Island said the $70,000 BMW SUV does not have a sensor to detect whether there's a body part or an object in the path of the door. The 62-year-old's attorney, Avi Cohen, described the BMW X5’s door as nothing short of “a guillotine," according to this New York Post report. According to a federal lawsuit, Boateng was standing outside the X5 in July 2016 when he placed his hand on the driver’s door column…

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by Joe Lombardi