POTTER v. VILLAGE BANK OF NEW JERSEY


225 N.J. Super. 547 (1988)

543 A.2d 80

DALE G. POTTER, PLAINTIFF-RESPONDENT, CROSS-APPELLANT, v. VILLAGE BANK OF NEW JERSEY, A BANKING CORPORATION OF THE STATE OF NEW JERSEY, AND EM KAY HOLDING CORPORATION, A NEW JERSEY BANK HOLDING COMPANY, DEFENDANTS-APPELLANTS, CROSS-RESPONDENTS, MORY KRASELNICK, DEFENDANT-CROSS-RESPONDENT, NEW JERSEY DEPARTMENT OF BANKING, INTERVENOR, AND ALLAN M. BART, MOISES KROITORO, EM KAY, INC. AND EM KAY FINANCING CORP., DEFENDANTS.

Superior Court of New Jersey, Appellate Division.

Decided June 9, 1988.


Attorney(s) appearing for the Case

Brian N. Lokker argued the cause for appellants, cross-respondents (Williams, Caliri, Miller & Otley, attorneys).

Bernard F. Conway argued the cause for respondent, cross-appellant (Giblin, Combs, Cooney & Conway, attorney; Catherine M. Langlois of counsel and on the brief).

Barbara S. Goldsmith, Deputy Attorney General, argued the cause for intervenor (W. Cary Edwards, Attorney General of New Jersey, attorney; James J. Ciancia, Assistant Attorney General, of counsel; Barbara S. Goldsmith on the brief).

Before Judges J.H. COLEMAN, O'BRIEN and STERN.


The opinion of the court was delivered by J.H. COLEMAN, P.J.A.D.

The crucial question raised in this appeal is whether a bank president and chief executive officer who blows the whistle on suspected laundering of Panamanian drug money is protected from retaliatory discharge by the public policy of this State. We answer in the affirmative. We also hold that the retaliatory discharge in this case constituted an intentional...

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