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Arbitrator Upholds Firing of Former Lobster 207 Chief Executive Officer, Warren Pettegrow – Awards $1.02 Million

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Portland, ME, August 27, 2021 –(PR.com)– The Executive Board of Lobster 207, LLC has learned that an arbitrator has ruled in its favor in connection with claims brought by Lobster 207 against its former CEO, Warren Pettegrow, for breaches of his employment agreement and fiduciary duties to the company. After Lobster 207 filed a federal racketeering lawsuit against Pettegrow in December of 2019, Pettegrow demanded that the issue of his firing be decided by an arbitrator and not by a jury. After days of hearings involving testimony by ten witnesses, on August 23, 2021, the arbitrator issued an award in favor of Lobster 207 and against Pettegrow in the amount of $1,021,000.

According to the legal documents, in what he described as “not a close decision,” the arbitrator found that Warren Pettegrow had breached his employment agreement and fiduciary duties to Lobster 207 by committing acts of “gross misconduct” and that,…

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