Litigation has ended between the American Numismatic Association (ANA) and former ANA Executive Director Larry Shepherd.
On Wednesday, Feb. 11, the ANA and Shepherd jointly announced that all claims arising from a lawsuit filed by Shepherd against the ANA and various individual defendants have been settled to the mutual satisfaction of all parties.
Shepherd acted as the ANA’s executive director from April 2008 through September 2011.
"The ANA acknowledges Mr. Shepherd’s leadership and accomplishments in helping improve the financial position of the ANA, resolving litigation that was pending at the time of his hire, investigating thefts from the ANA, and promoting the ANA’s membership benefits and conventions," the ANA stated.
Terms of the settlement will remain confidential as agreed to by the parties.
"Mr. Shepherd remains a member of the ANA, and is supportive of the ANA’s mission," the ANA said.
The ANA is a nonprofit educational organization dedicated to numismatic education and encouraging people to study and collect money and related items.