Who gets to keep shipwreck treasure? Supreme Court declines Spain case.

15 May 2012 4:24 PM | Anonymous

Who gets to keep shipwreck treasure? Supreme Court declines Spain case.

Lower courts ruled that $500 million in coins that US treasure hunters had recovered belongs to Spain. The Supreme Court turned away the salvagers’ appeal Monday.

By Warren RicheyStaff writer / May 14, 2012

US Supreme Court on Monday declined to take up the appeal of American treasure hunters who were forced earlier this year to surrender $500 million in silver and gold coins they recovered from the wreck of a Spanish warship 3,000 feet deep in international waters.

The high court took the action without comment.

A federal judge in Tampa, Fla., and the 11th Circuit Court of Appeals in Atlanta ordered Odyssey Marine Exploration Inc. of Tampa to surrender the coins and other artifacts to Spain.

http://www.csmonitor.com/USA/Justice/2012/0514/Who-gets-to-keep-shipwreck-treasure-Supreme-Court-declines-Spain-case

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