Park v. Shinhan Bank America — 2d Cir. (Aug 31, 2026)
The Second Circuit hears consolidated appeals involving four former compliance employees and Shinhan Bank America. The employees say the bank retaliated after they reported compliance concerns to the Federal Deposit Insurance Corporation. A district court dismissed their claim under the bank-whistleblower provision of the Financial Institutions Reform, Recovery, and Enforcement Act, or FIRREA, because the complaint did not plausibly allege that the bank knew about the reports. The court also held that the defendants gave up arbitration by first seeking dismissal in court. Both sides appealed.
Park v. Shinhan Bank America (No. 25-2453 / 25-2656) — U.S. Court of Appeals for the Second Circuit, argued August 31, 2026.
- 0:00Introduction
- 1:08Stephen Bergstein — Former employees
- 14:06James D. Nelson — Defendants