White Oak Must Pay Ex-Manager for Stake Worth Up to $143 Million

The managing director of a White Oak Global Advisors LLC affiliate won a court ruling Friday declaring that his ouster was invalid because the company failed to buy out his allegedly nine-figure stake.

White Oak Healthcare Finance LLC, several related entities, and White Oak Global principals breached operating agreements dictating Isaac Soleimani could only be terminated after a fair market buyout of his 16.8% interest, allegedly worth up to $143 million, said a Delaware judge, Vice Chancellor Lori W. Will.

“The White Oak LLCs can terminate Soleimani’s employment at any time for any reason (and they have),” but “the process ...