Rite Aid Beats Maryland’s Bid to Pause Approved Bankruptcy Plan

Rite Aid Corp. defeated an effort by the state of Maryland to pause the retailer’s multibillion-dollar bankruptcy restructuring plan, securing a path to emerge quickly from Chapter 11.

Maryland has failed to substantiate arguments that it and others will suffer harm if Rite Aid’s reorganization plan moves forward while the state pursues an appeal, Judge Michael B. Kaplan of the US Bankruptcy Court for the District of New Jersey ruled at the conclusion of a hearing Thursday.

Despite a lengthy list of arguments, Maryland failed to put forward any evidence to justify putting at risk a plan supported by several ...