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

April 23, 2024 New England

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

filed for bankruptcy, former CEO Warren Pettegrow, International Association of Machinists and Aerospace Workers, lobster, Lobster 207, Lobster 207 legal saga, maine, Maine Lobstering Union Local 207, Southern District of Florida, U.S. District Judge Lance E. Walker

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The New England groundfish debacle (Part III): who or what is at fault? Nils E. Stolpe/FishNet

It took me a while to decide how to most accurately describe the situation that has been visited upon the New England fishing communities that are and since colonial times have been dependent on the groundfish fisheries.

NILS STOLPE: The New England groundfish debacle (Part IV): Is cutting back harvest really the answer?

While it’s a fact that’s hardly ever acknowledged, the assumption in fisheries management is that if the population of a stock of fish isn’t at some arbitrary level, it’s because of too much fishing. Hence the term “overfished.” Hence the mandated knee jerk reaction of the fisheries managers to not enough fish; cut back on fishing. What of other factors? They don’t count. It’s all about fishing, because fishing is all that the managers can control; it’s their Maslow’s Hammer. When it comes to the oceans it seems as if it’s about all that the industry connected mega-foundations that support the anti-fishing ENGOs with hundreds of millions of dollars a year in “donations” are interested in controlling. Read the article here

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