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Litigation

Apr. 15, 2003

Rite Aid Settles With Employees for $67.7 Million

Eight months of negotiations resulted in a $67.7 million settlement for Rite Aid Corp. workers who alleged that their Pennsylvania-based drugstore chain allowed their pension plan to invest in inflated Rite Aid stock.

By Joan Osterwalder
        Eight months of negotiations resulted in a $67.7 million settlement for Rite Aid Corp. workers who alleged that their Pennsylvania-based drugstore chain allowed their pension plan to invest in inflated Rite Aid stock.
        "It took perseverance [and] patience," says the workers' trial counsel, Randall Sunshine of Line...

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