Yesterday, New York Attorney General Letitia James announced a settlement with former NRA CFO Wilson “Woody” Phillips. Under the terms, Phillips is banned from serving as a fiduciary of a not-for-profit in New York for 10 years and will require training before returning to any such position. The agreement keeps the jury verdict against Phillips intact, including monetary damages, but removes him from the second, remedial phase of the trial against the NRA, Wayne LaPierre and John Frazier.
