White Oak Global Owes $100 Million Plus Over N.Y. Nurse Pensions

White Oak Global Advisors LLC owes more than $96 million to a pension fund covering New York nurses after a federal judge largely confirmed an arbitration award over allegations the company mismanaged plan assets, including during secret negotiations over a top executive job.

Judge Lewis A. Kaplan of the U.S. District Court for the Southern District of New York on Thursday confirmed nearly all aspects of an arbitration award favoring the trustees of the New York State Nurses Association Pension Plan.

The order requires White Oak to return the pension plan assets it holds—more than $96 million, according to Kaplan—and ...