Court Rules $500,000 Million Shipwreck Treasure Must Be Returned to Spain

A U.S. federal appeals court upheld on Wednesday a lower court ruling that a Florida treasure-hunting firm must hand over to Spain $500 million in gold and silver coins salvaged from the bottom of the Atlantic in May 2007.

The decision by a three-judge panel of the 11th U.S. Circuit Court of Appeals in Atlanta represents a "complete victory" for Spain in the legal battle with Odyssey Marine Exploration, Inc., the attorney representing the Spanish government . . .

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