Tag Archives: former CEO
Lobster fishing cooperative wins more than $1 million in dispute with former CEO
A federal arbitrator has awarded a fishing cooperative more than $1 million in the cooperative’s lawsuit against its former CEO, whom the co-op accuses of defrauding and stealing from the group. The arbitrator’s award allows the cooperative’s federal lawsuit to go forward against the former CEO and his parents, who own a Hancock County lobster pound. Lobster 207 LLC sued Warren Pettegrow and his parents, who own and operate the Trenton Bridge Lobster Pound, in December 2019 in U.S. District Court in Bangor. The lawsuit alleged that the family members defrauded and stole from the group after they sold their wholesale lobster business to it in 2017. >click to read< 11:54
Arbitrator upholds firing of Lobster 207 co-op CEO, clearing way for racketeering lawsuit
The former CEO of Lobster 207, a fishing cooperative owned by the Maine Lobstering Union, on Monday lost in an arbitration proceeding over his firing in 2020. The decision against Warren B. Pettegrow of Trenton upholds his dismissal and is expected to allow a federal racketeering lawsuit, pending before the U.S. District Court in Bangor, to continue toward trial, according to a news release from the co-op. Named as defendants in the suit brought by Lobster 207 are Pettegrow, his company, Poseidon Charters Inc., Anthony D. and Josette G. Pettegrow of Trenton, and their company Trenton Bridge Lobster Pound Inc. >click to read< 18:56
