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Rite Aid Files Civil Suit Against Founder and Son

Harrisburg, Pa., Acivil suit launched by Rite Aid Corp. against company founder Alex Grass and his imprisoned son alleges that the pair profited from the company’s sale of a blood-plasma business.

According to the details of the suit, Alex and Martin Grass concealed information from other bidders and Rite Aid’s financial advisers in the 1994 sale of Sera-Tec Biologicals. The younger Grass is currently serving a seven-year federal prison term for conspiracy to defraud Rite Aid and obstructing government investigations.

Alex Grass calls the current lawsuit “frivolous.”

© 2014