Judge won’t rethink extra $22 million awarded to pension plan

By Emilie Ruscoe (August 25, 2022, 8:11 p.m. EDT) — A federal judge in Manhattan will not reconsider his earlier decision that would award $22 million in prejudgment interest to a nurses’ union pension plan, says the judge on Thursday.

In a one-page filing, U.S. District Judge Lewis A. Kaplan denied asset manager White Oak Global Advisors LLC’s request for the judge to review its July order varying an earlier judgment and granting the pension plan 9% pre-judgment interest on the total plan investment. with the asset manager from September 2018.

In a brief supporting its request that the judge change his mind, White Oak argued that the judge’s July order…

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