Bankruptcy filing by former CEO latest twist in Lobster 207 legal saga

Former Lobster 207 CEO Warren Pettegrow filed for bankruptcy in the Southern District of Florida, one day before he was court-ordered to forfeit money, properties, business interests and guns to Lobster 207 toward a $1 million judgment awarded after arbitration in June 2020. U.S. District Judge Lance E. Walker had ordered the forfeiture after nearly five years of court proceedings in federal court in Bangor. The judgment arose from a civil lawsuit Lobster 207 filed in December 2019 alleging Pettegrow, as CEO of Lobster 207, embezzled nearly $2 million over roughly two years in a price-fixing arrangement.  The Maine Lobstering Union Local 207, part of the International Association of Machinists and Aerospace Workers, opened the Lobster 207 co-op in 2017 and hired Pettegrow as CEO, an arrangement that was part of the sale to Lobster 207 of the wholesale side of Trenton Bridge Lobster Pound. more, >>CLICK TO READ<< 15:41

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