THIS IS BREAKING NEWS...

Ian Penny, the former general counsel for the NHL Players Association, and the short-lived interim executive director for the union following Paul Kelly's firing, has resolved all matters with the union, according to a statement released late Weds. The statement reads:

The parties have resolved all matters regarding Ian Penny's employment with the National Hockey League Players' Association.  The Association and its members appreciate the service and contributions of Mr. Penny, as well as his commitment to the National Hockey League Players' Association and its members.

The statement adds that the NHLPA and Penny will be making no further statements regarding the matter.

Financial terms of the settlement were not released.

Penny resigned on the last day of October with the NHLPA saying he had been constructively dismissed. Penny said at the time that he could "no longer work under the present circumstances."

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