Tag: Greg Stemm
Odyssey’s Appellate Reply Challenges Spain in Sunken Coin Treasure Case
Continuing a series of legal steps, challenges and hurdles, Odyssey Marine Exploration has recently filed it's reply to Spain's response in the highly contested "Black Swan" case. This is expected to be the end of the written pleadings for the matter which is currently before the United States Court of Appeals for the Eleventh Circuit in Atlanta, Georgia.
At stake in the matter is ownership of a recovered sunken treasure consisting of an estimated 500,000 gold and silver coins. Believed to be valued at around $500 million, the recovery has peaked the interest of many since it was first announced back in 2007. The issue was contentious from almost the start with Spain initiating a seizure of one of Odyssey's vessels back in July of 2007, claiming that Odyssey was engaged in an "offence against Spanish historic heritage."