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Bankrupt Rite Aid's New Directors To Earn $50K Per Month

Law 360

Rite Aid Corp. will pay two new directors $50,000 per month to sit on the board of the bankrupt drugstore chain after awarding them $200,000 each for roughly three months of consulting work, the company said in a regulatory filing Thursday.

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Ex-Rite Aid Exec To Pay $300K In SEC Insider Trading Deal

Law 360

A former Rite Aid Corp. executive who once oversaw the company's compliance with its code of ethics will pay just more than $300,000 to settle U.S. Securities and Exchange Commission allegations that he engaged in insider trading.

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