January 9, 2025 — The Maine Lobstering Union’s cooperative, Lobster 207, recently closed a significant chapter with a settlement exceeding $5 million, marking the end of a five-year legal battle against its former CEO, Warren Pettegrow, and his family.
This victory represents not only a financial win but also a pivotal moment in the co-op’s mission to uphold fairness in Maine’s famed lobster industry.
According to Maine Biz, the dispute began after Lobster 207 purchased the wholesale division of Trenton Bridge Lobster Pound in 2017, bringing Warren Pettegrow on as CEO. The Pettegrows agreed to step away from the wholesale business to avoid competition with Lobster 207. However, by 2019, allegations of financial misconduct and breaches of this agreement surfaced, leading to a lawsuit in federal court. The co-op accused the Pettegrows of fraudulent practices, which included issuing false invoices and competing directly with the business they had sold to Lobster 207.