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.
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.