Illustration: Jovana Mugoša
Health
Rite Aid Advisers Rake in Millions Through Bankruptcy. Opioid Victims Brace For Nothing.
Those who fault the company for its role in America’s drug epidemic are expected to emerge empty handed from the bankruptcy.
Nancy Zailo is at the back of the line.
She’s behind Jeffrey Stein, the Rite Aid Corp. chief executive collecting $300,000 paychecks every month. She’s behind consultants at Alvarez & Marsal, who have billed the pharmacy chain $75 million and counting. She’s behind bondholders and behind $2,000-an-hour lawyers from Kirkland & Ellis. And she’s behind lenders like Bank of America Corp. and Wells Fargo & Co. that are collecting millions of dollars in interest from a credit line carrying the company through bankruptcy.