Feed the Children and its co-founder and former president, Larry Jones, have settled their legal battle over Mr. Jones’s November 2009 firing, The Oklahoman reports.
Mr. Jones, long the public face of the Oklahoma City charity, on Friday withdrew the lawsuit he had filed days after his ouster. Feed the Children in turn dropped a lawsuit that accused Mr. Jones of misusing the organization’s funds during his tenure.
The Oklahoma attorney general’s office revealed last week that it is conducting a criminal inquiry into possible illegalities during Mr. Jones’ stewardship of the charity. He has denied any wrongdoing.
The settlement involves a payment to Mr. Jones, the newspaper says, but he will not return to a role with the charity.
The nonprofit, one of the biggest charities in the United States, in December hired Cass Wheeler, former head of the American Heart Association, as interim president and started a national search for a permanent leader.