Shopko Expected To File For Bankruptcy
A pharmaceutical drug supplier to Shopko says the retail chain is expected to file for bankruptcy next week.
McKesson Corp. says it supplied Shopko with $67 million in drugs since Nov. 11 but has not been paid since early December. .
McKesson attorney Jeff Garfinkle said during a court hearing that Shopko is expected to file for bankruptcy protection Jan. 15.
This week McKesson asked a judge for a restraining order to keep Shopko from selling the medications it has supplied.
Shopko attorney Stephen Hackney says a restraining order would require the retailer to close its pharmacies and would harm patients who need the medications.
A judge has rejected McKesson's request.
Neither Shopko, nor its parent company, Sun Capital Partners, have commented on the matter.
--KEYC News 12