Kramer Levin Selected as Counsel to Unsecured Creditors Committee of Rite Aid

Kramer Levin is pleased to announce that the firm has been selected as counsel to the official committee of unsecured creditors of Rite Aid Corporation. Rite Aid filed for Chapter 11 protection in the bankruptcy court in the District of New Jersey on Oct. 15, 2023, burdened by more than $4 billion in funded debt and facing substantial opioid litigation. The nine-member committee consists of McKesson Corporation, Benderson Development Company, Computershare Trust Company, United Food and Commercial Workers International Union, MCS Advantage Inc., Realty Income Corporation, Loyd F. Schmuckley, Jr., Relator, Humana Health Plan Inc. and Pension Benefit Guaranty Corporation.

The Kramer Levin team is led by Bankruptcy and Restructuring partners Kenneth H. Eckstein, Adam C. Rogoff and Rachael Ringer, and includes Bankruptcy and Restructuring partner Natan Hamerman, senior attorney Elan Daniels, and associates Megan M. Wasson, Nancy Bello, Rose Hill Bagley and Andrew J. Citron, and law clerk Emily Mandell.