Noah Bank v. Marie Lee

CourtNew Jersey Superior Court Appellate Division
DecidedApril 1, 2025
DocketA-0315-23
StatusPublished

This text of Noah Bank v. Marie Lee (Noah Bank v. Marie Lee) is published on Counsel Stack Legal Research, covering New Jersey Superior Court Appellate Division primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Noah Bank v. Marie Lee, (N.J. Ct. App. 2025).

Opinion

NOT FOR PUBLICATION WITHOUT THE APPROVAL OF THE APPELLATE DIVISION

SUPERIOR COURT OF NEW JERSEY APPELLATE DIVISION DOCKET NO. A-0315-23

NOAH BANK and EDWARD SHIN,

Plaintiffs-Respondents, APPROVED FOR PUBLICATION April 1, 2025 v. APPELLATE DIVISION

MARIE LEE,

Defendant-Appellant.

Submitted January 23, 2025 – Decided April 1, 2025

Before Judges Marczyk, Paganelli, and Torregrossa- O'Connor.

On appeal from the Superior Court of New Jersey, Law Division, Bergen County, Docket No. L-8801-18.

Kimm Law Firm, attorneys for appellant (Michael S. Kimm, on the briefs).

Hartmann Doherty Rosa Berman & Bulbulia LLP, attorneys for respondent Noah Bank (Mark A. Berman and Kelly A. Zampino, on the brief).

Robert J. Basil (The Basil Law Group, PC), attorney for respondent Edward Shin.

The opinion of the court was delivered by

MARCZYK, J.A.D. Defendant Marie Lee appeals from the trial court's December 19, 2022

order dismissing her Conscientious Employee Protection Act (CEPA) 1 claim

and the court's August 22, 2023 order granting plaintiffs' summary judgment

motions dismissing her defamation and trade libel claims. Following our

review of the record and the applicable legal principles, we affirm.

As a matter of first impression, we consider the procedural issue of

whether the trial court properly considered plaintiffs' motion to dismiss under

Rule 4:6-2. Specifically, we address whether the court properly entertained

plaintiffs' dismissal motion after they had filed an answer to defendant's

counterclaim asserting a defense under Rule 4:6-2(e) or whether plaintiffs

were required to file the motion prior to filing their answer. We conclude the

trial court correctly considered the motion under Rule 4:6-2, when it is read in

conjunction with Rule 4:6-3.

I.

Plaintiff Edward Shin was the CEO of plaintiff Noah Bank. Lee was

employed by Noah Bank as a loan officer and later vice-president. Lee

claimed she observed, during her employment, Shin engage in various criminal

activities, including paying fake broker fees to his friend James Kim. Lee

1 N.J.S.A. 34:19-1 to -14.

A-0315-23 2 resigned from Noah Bank in 2012. She signed a post-employment

confidentiality and non-disparagement agreement upon her separation.

In December 2018, plaintiffs filed a complaint against Lee alleging

breach of the confidentiality and non-disparagement provisions of the post-

employment agreement. Plaintiffs alleged Lee retained confidential

information from Noah Bank and used those documents to file a qui tam

lawsuit and a separate Racketeer Influenced and Corrupt Organization Act

action against Noah Bank. 2 Lee answered and filed a counterclaim alleging a

violation of CEPA, defamation, and trade libel. Plaintiffs filed an answer to

Lee's counterclaims reserving the affirmative defense that Lee "fail[ed] to state

a claim upon which relief can be granted." In May 2019, Shin was arrested

for, among other offenses, conspiracy to commit bank bribery. 3

In August 2019, Noah Bank moved to dismiss Lee's counterclaims.4 The

trial court denied Noah Bank's motion, holding the motion was untimely under

Rule 4:6-2. Noah Bank's motion for reconsideration was also denied. The

2 The United States Attorney subsequently utilized the information from Lee's qui tam case to prosecute Shin. 3 Plaintiffs both subsequently dismissed their complaints against Lee. 4 Shin did not join the initial motion to dismiss the CEPA claim, but rather moved to dismiss the counterclaim without prejudice and stay the case pending the resolution of his criminal case.

A-0315-23 3 United States subsequently moved to intervene to stay the case pending the

conclusion of Shin's federal criminal trial, which the court granted. Shin was

convicted in May 2022 of various offenses, including conspiracy to commit

bank and wire fraud and conspiracy to commit bank bribery.5

In 2018, before Shin's criminal trial commenced, Kim allegedly told Lee

that Shin "blacklisted" her and told "all the local Korean-American banks" she

was a criminal and that she stole bank secrets. Lee also alleged in her

complaint Shin called her "a bitch, a traitor, and that she [sh]ould be banished

from society." According to Kim, banks would not hire her "because she was

deemed to [have stolen] bank secrets and . . . help[ed] the federal investigators

build a case against Noah Bank."

At Shin's federal criminal trial, Lee testified:

Q. When you approved these broker fee checks to be paid to . . . Kim and his companies, did you know and understand that . . . Kim had not earned these fees?

A. Yes.

Q. Why did you approve them anyway?

5 Specifically, the jury convicted Shin of: conspiracy to commit bank fraud and wire fraud, 18 U.S.C. § 1349; conspiracy to commit bank bribery, 18 U.S.C. §§ 371 and 215(a)(2); bank bribery, 18 U.S.C. § 215(a)(2); theft, embezzlement, or misapplication of bank funds by a bank officer, 18 U.S.C. § 656; conspiracy to commit loan fraud, 18 U.S.C. §§ 371 and 1014; and conspiracy to commit bank fraud, 18 U.S.C. § 1349.

A-0315-23 4 A. Because . . . Shin asked me to do that.

Q. Why would you follow his instruction?

A. I didn't have any courage to tell the truth. I just wanted to keep my job secure.

Lee testified she knew her approvals of those checks were "wrong," and that

she was appearing as a witness pursuant to a "nonprosecution agreement ." Lee

concedes she "did testify that she was involved in . . . Shin's illegal acts, by

processing the loans." She also acknowledges "[t]he [g]overnment was of the

view that her processing loan closings under the direction of . . . Shin, might

be construed as her being a 'co-conspirator' to . . . Shin."

Once the stay was lifted, plaintiffs moved to dismiss the CEPA claim for

failure to state a claim and failure to comply with the statute of limitations. 6

The court rejected Lee's argument that the motion was untimely under Rule

4:6-2 and gave her additional time to file a substantive opposition. On

December 19, 2022, the court granted the motion to dismiss the CEPA claim,

noting: "Defendant has not offered any substantive opposition. The facts

demonstrate entitlement to the relief."

Noah Bank subsequently moved for summary judgment regarding Lee's

defamation and trade libel claims, and Shin joined the motion. On August 22,

6 The prior judge managing the case had retired, and a new judge lifted the stay and also ruled on the newly filed motions to dismiss.

A-0315-23 5 2023, the court granted the motion.

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