Segarra v. Federal Reserve Bank of N.Y., No. 14-1714 (2d Cir. 2015)Annotate this Case
Plaintiff filed a whistleblower action against FRBNY, her former employer, and three of its employees. The district court dismissed the suit and determined, inter alia, that palintiff could not maintain claims against the employees under the banking agency whistleblower protection statute, 12 U.S.C. 1831j(a)(2). The court concluded that neither sharing an interest in the financial well‐being of a company nor sharing information about that company leads to a reasonable inference that the employees were performing services for the FDIC. Further, plaintiff’s allegations fall far short of plausibly showing that the employees were performing a service on behalf of the FDIC, as required under the whistleblower protection statute. Accordingly, the court affirmed the judgment.