Rite Aid has reached a settlement with key bondholders, other creditor groups, the Department of Justice (DOJ), and drug supplier McKesson Corp, which will allow the pharmacy chain to avoid liquidation and complete its bankruptcy case by late April, according to statements from company lawyers and sources familiar with the matter. This comes after Rite Aid faced over 1,600 lawsuits alleging that it ignored red flags and illegally filled prescriptions for addictive opioid medication. The settlement clears a significant hurdle for Rite Aid, providing a path forward amidst its financial struggles.