PORTLAND, Maine — One of the largest fishermen's cooperative in the state will get back $71,500 seized by police during an investigation into the theft of more than $1 million in lobsters.

Attorney George "Toby" Dilworth of Portland said Thursday an agreement in principle has been reached with the U.S. Attorney's Office to return the money to the Spruce Head Fishermen's Cooperative in South Thomaston. A lawsuit filed by the cooperative last month against the government was dismissed Wednesday.

A notice with the dismissal states the matter has been resolved.

Dilworth, who represents the cooperative, said the $71,500 was cash seized from the St. George and Rockwood homes of former cooperative manager Robert Thompson and from a safety deposit box Thompson had at a local bank.

The money was seized in October 2012 as part of a criminal investigation into Thompson, J.P. Shellfish of Eliot, and its owner John Price, 58, of Kittery.

Read the full story at Bangor Daily News>>

Want to read more about fishermen's cooperatives? Click here...