{"id":34399,"date":"2024-05-25T20:30:57","date_gmt":"2024-05-25T20:30:57","guid":{"rendered":"https:\/\/onlygunsandmoney.com\/?p=34399"},"modified":"2024-05-29T18:39:44","modified_gmt":"2024-05-29T18:39:44","slug":"looks-like-woody-phillips-settled-with-nyag","status":"publish","type":"post","link":"https:\/\/onlygunsandmoney.com\/?p=34399","title":{"rendered":"Looks Like Woody Phillips Settled With NYAG"},"content":{"rendered":"<div class='__iawmlf-post-loop-links' style='display:none;' data-iawmlf-post-links='[{&quot;id&quot;:1199,&quot;href&quot;:&quot;https:\\\/\\\/iapps.courts.state.ny.us\\\/nyscef\\\/ViewDocument?docIndex=Hb2cIHob8tTkLpr6A_PLUS_sdpw==&quot;,&quot;archived_href&quot;:&quot;&quot;,&quot;redirect_href&quot;:&quot;&quot;,&quot;checks&quot;:[],&quot;broken&quot;:false,&quot;last_checked&quot;:null,&quot;process&quot;:&quot;done&quot;}]'><\/div>\n<p>Based upon a document filed yesterday by attorneys for the New York Attorney General&#8217;s Office and Wilson &#8220;Woody&#8221; Phillips, it appears that Phillips and the Attorney General&#8217;s Office have come to a settlement agreement. They mutually agreed to adjourn the briefing schedule with &#8220;respect to equitable relief applicable to Mr. Phillips.&#8221; This is pending a stipulation of settlement. Judge Joel Cohen has signed off on this stipulation and proposed order regarding the briefing.<\/p>\n\n\n\n<p>Going back to the jury trial, <strong><a href=\"https:\/\/onlygunsandmoney.com\/2024\/02\/23\/the-jury-has-returned-with-a-guilty-verdict.html\">Phillips was found liable<\/a><\/strong> for breach of fiduciary duty along with damages of $2 million. He was also found to have engaged in a related party transaction. It will be interesting to see if the stipulation of settlement will be for the full $2 million in damages as found by the jury.<\/p>\n\n\n\n<p>Along these same lines, it would probably be in Wayne LaPierre&#8217;s best interest, though expensive, to execute a similar settlement. The jury said he must repay $5.4 million of which he had already repaid $1 million. I believe the Attorney General&#8217;s Office set the amount of damages at a much higher level and could be asking Judge Cohen to approve the higher amount.<\/p>\n\n\n\n<p>Now that the Board of Directors has elected three out of four candidates for leadership positions, has named a Chief Compliance Officer, and voted to give the reformers five out of nine positions on the Nominating Committee, it may have a good case for reaching a settlement with the Attorney General&#8217;s Office without the imposition of a special monitor. The settlement of the NRA Foundation with the DC Attorney General certainly has set a precedent to do this. More importantly, a settlement before the next phase of the trial would allow the NRA to finally be free from the greedy grip of Brewer, Attorneys and Counselors. Personally, I can&#8217;t see any advantage to the NRA of actually going to the next phase of the trial if a settlement can be made that allows them to move forward without a special monitor. The only one who wins would be Bill Brewer as his pocket would be even more padded than it already is.<\/p>\n\n\n\n<p>You can see the <strong><a href=\"https:\/\/iapps.courts.state.ny.us\/nyscef\/ViewDocument?docIndex=Hb2cIHob8tTkLpr6A_PLUS_sdpw==\" target=\"_blank\" rel=\"noopener\">court document<\/a><\/strong> embedded below or linked <a href=\"https:\/\/iapps.courts.state.ny.us\/nyscef\/ViewDocument?docIndex=Hb2cIHob8tTkLpr6A_PLUS_sdpw==\" target=\"_blank\" rel=\"noopener\"><strong>here<\/strong><\/a>.<\/p>\n\n\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div>","protected":false},"excerpt":{"rendered":"<p>Based upon a document filed yesterday by attorneys for the New York Attorney General&#8217;s Office and Wilson &#8220;Woody&#8221; Phillips,&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":2,"footnotes":""},"categories":[1],"tags":[6861,5770,5374],"class_list":["post-34399","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-settlement","tag-state-of-new-york-v-nra-et-all","tag-woody-phillips"],"_links":{"self":[{"href":"https:\/\/onlygunsandmoney.com\/index.php?rest_route=\/wp\/v2\/posts\/34399","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/onlygunsandmoney.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/onlygunsandmoney.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/onlygunsandmoney.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/onlygunsandmoney.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34399"}],"version-history":[{"count":2,"href":"https:\/\/onlygunsandmoney.com\/index.php?rest_route=\/wp\/v2\/posts\/34399\/revisions"}],"predecessor-version":[{"id":34409,"href":"https:\/\/onlygunsandmoney.com\/index.php?rest_route=\/wp\/v2\/posts\/34399\/revisions\/34409"}],"wp:attachment":[{"href":"https:\/\/onlygunsandmoney.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/onlygunsandmoney.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/onlygunsandmoney.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}