The Trustees of the New York State Nurses Association Pension Plan v. White Oak Global Advisors, LLC

  1. May 21, 2024

    2nd Circ. Partially Backs Win For Nurses' Union Pension Plan

    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.

  2. August 25, 2022

    Judge Won't Rethink Additional $22M Granted To Pension Plan

    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.

  3. July 26, 2022

    Investment Adviser Decries Pension Plan's $22M Add-On

    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.

  4. March 17, 2022

    NY Nurses' $140M Pension Plan Arbitration Award Wins OK

    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.

  5. October 22, 2021

    NY Nurses, Investment Manager Spar Over Arbitration Award

    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.