MAINE PUBLIC • January 7, 2025
A cooperative of fishermen known as Lobster 207 says it has reached a $5 million settlement in a years-long case against its former CEO, Warren Pettegrow, and his family members. The cooperative sued Pettegrow, his parents and another conspirator five years ago, alleging they submitted fraudulent invoices, embezzled funds and stole products that were then sold to Lobster 207 members at a premium. "The Pettegrows vehemently deny the contentions in this suit and that they engaged in any wrongdoing," attorney David Ginzer said in an emailed statement. "However, they sought to resolve this action to move forward…”