Wednesday, May 25, 2011

$500,000 Million Shipwreck Treasure's Fate to be Decided by U.S. Court

US deep-sea explorer firm Odyssey has told a US court it refuses to recognise Spain as the owner of a massive treasure haul recovered from a shipwreck in the Atlantic, a company source says.
Lawyers for the firm based in Florida argued before an appeals court for a reversal of a 2009 decision by a trial judge that recognised Spain as rightful owner of the galleon treasure, which includes more than half a million coins and pieces of gold and silver.

"The district court erred in awarding Spain the coins. Without . . .

Full story at: The Australian

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