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Judge orders former owners to come up with $1.43M in lobster sales lawsuit

June 5, 2020 New England

A federal judge has ordered the former owners of a wholesale lobster business and the Trenton Bridge Lobster Pound to set aside $1.43 million,,, The Maine Lobstering Union in December sued the former CEO of its wholesale business and his parents in U.S. District Court in Bangor, alleging that the family defrauded and stole from the group after selling it their wholesale lobster business three years ago. U.S. District Judge Lance Walker accepted an estimate of the amount of money lost as $1,438,181.23. That figure was provided by certified public accountants in Portland hired by the lobstermen’s co-operative, according to court documents. >click to read< 08:59

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Maine Lobstering Union that’s suing its former CEO, hires a new management team

February 7, 2020 New England

A lobster fishing cooperative that is suing its former CEO in federal court has hired two people to round out its new management team. Lobster 207 LLC, also known as the Maine Lobstering Union, has appointed Carmen Look as its chief financial officer and Brian Hemingway as its director of business development, the organization said Thursday.,,, The cooperative is alleging in a lawsuit that Pettegrow and his parents defrauded and stole from the union after selling it their wholesale lobster business for $4 million in 2017. The lawsuit pending in U.S. District Court in Bangor. >click to read< 12:39

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Ocean Resource Privatization

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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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