White Oak Gets Partial Redo in NY Nurse Pension Fund Dispute

White Oak Global Advisors LLC on Tuesday convinced the Second Circuit to partially undo a court order requiring it to return more than $96 million to a pension fund covering New York nurses.

The US Court of Appeals for the Second Circuit upheld portions of a district court order that confirmed nearly all aspects of an arbitration award favoring the trustees of the New York State Nurses Association Pension Plan. The district court had jurisdiction to enter the order and appropriately awarded the pension fund certain fees and other relief, the appeals court said, but other aspects of the order ...