May 21, 2024
In a 90-page opinion, the Second Circuit on Tuesday mostly upheld a Manhattan federal judge's decision affirming an arbiter's award favoring a nurses' pension plan, agreeing that White Oak Global Advisors LLC must return "Day 1" fees totaling nearly $2 million and pay prejudgment interest said to top $22 million.
August 25, 2022
A Manhattan federal judge won't reconsider his earlier decision that would grant $22 million in prejudgment interest to a nurses union's pension plan, the judge said on Thursday.
July 26, 2022
White Oak Global Advisors LLC has asked a New York federal judge to reconsider his grant of a $22 million amendment to an arbitral award issued in favor of a nurses union's pension plan, arguing that the arbitrator never approved prejudgment interest as part of the final award.
March 17, 2022
A New York federal judge confirmed most of a roughly $140 million arbitration award in favor of a nurses' pension plan Thursday, upholding a finding that its former investment management firm violated the Employee Retirement Income Security Act when it entered into a self-dealing contract with the plan.
October 22, 2021
The trustees of a New York pension plan for nurses and one of the plan's investment managers are at odds over an August arbitration award, with the pension plan seeking about $140 million and the investment manager accusing the plan of mischaracterizing the award.