Rite Aid just filed for bankruptcy and could be closing more of its 2,100 stores

• Rite Aid filed for bankruptcy in New Jersey on Sunday.
• The pharmacy chain could close more of its 2,100 stores and has named a new CEO.
• The company listed estimated assets and liabilities in the range of $1 billion to $10 billion, per a court filing.

Rite Aid filed for voluntary Chapter 11 bankruptcy in New Jersey on Sunday amid a slew of opioid-related lawsuits. The move could see the drugstore chain close more of its 2,100 stores.

In March, the US Justice Department sued Rite Aid and its subsidiaries, accusing the company of missing "red flags" when pharmacists filled opioid prescriptions.