Bankruptcy & Restructuring News Headlines for Friday Feb 25, 2022

Here's what we are reading this morning:

Wayfair's revenue falls 11.4% in Q4 as its losses widen | Retail Dive: The online retailer benefited at the onset of the pandemic. But as consumers shift spending to physical channels, the company is losing customers.

Mallinckrodt Gets Nod for $65.75 Million Deal With Shareholders: Mallinckrodt Plc won court approval of its $65.75 million settlement of securities fraud claims tied to revenue statements about the bankrupt drugmaker’s Acthar Gel.

Orbit Energy Files for Chapter 15 Bankruptcy in New York: U.K. energy supplier Orbit Energy Ltd filed for bankruptcy in the U.S. on Thursday, court papers show.

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