News Summary January 8, 2025
Today's Top Story: Maine Cooperative Lobster 207 Wins $5 Million Settlement in CEO Misconduct Case
In today’s top story, we report on co-op Lobster 207’s recent $5 million settlement victory after five years in court against former CEO Warren Pettegrow, his parents, and other parties. The 2019 lawsuit alleged that the Pettegrows defrauded and stole from Lobster 207 after the family sold its wholesale lobster business to the co-op in 2017. The settlement follows the co-op’s successful $1.02 million arbitration case against Pettegrow in 2021...
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