Shopko supplier says retailer will soon file for bankruptcy
ASHWAUBENON, Wis. — A pharmaceutical drug supplier to Shopko says the Wisconsin-based 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 this week asked a judge for a restraining order to keep Shopko from selling the medications it has supplied. McKesson attorney Jeff Garfinkle said during a court hearing that Shopko is expected to file for bankruptcy protection Jan. 15.
Shopko attorney Stephen Hackney says a restraining order would require the retailer to close its pharmacies and would harm patients who need the medications, Press-Gazette Media reported.
Brown County Circuit Judge William Atkinson rejected McKesson’s request. Neither Shopko, nor its parent company, Sun Capital Partners, returned calls for comment.
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