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Managed by Paul J. Loftus, a partner at Dinsmore & Shohl LLP, Transportation Law Today provides professionals in the rail, transit, inland maritime, and trucking industries with current news and analysis of laws, rulings, and regulatory policies.



Tuesday, May 15, 2012

Supreme Court Refuses Appeals In Treasure Hunter Cases

As a follow up to my post of September 21, 2011 detailing the 11th Circuit Court of Appeals' decision finding treasure found by Odyssey Marine Exploration was the property of the Spanish Goverment, the U.S. Supreme Court denied appeals from that decision yesterday (see page 12 of linked Order list).

Three separate appeals, or Petitions for Certiorari, for the U.S. Supreme Court to hear the appeals were denied on May 14, 2012. They included appeals by Odyssey Marine, the Government of Peru, and claimed descendants of owners of cargo from the shipwreck.

Contrary to conventional wisdom, it is not always "finders keepers" and possession is not 9/10ths of the law, at least when it comes to the spoils from a sunken warship.

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