Greg Stemm

Spain v. Odyssey Legal DisputeContinuing 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."

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Odyssey Marine Exploration has taken the next step in its legal battle with the country of Spain over potential ownership of treasure the company recovered by filing an Appellate Brief with the U.S. Court of Appeals for the Eleventh Circuit. At stake is nearly 17-tons of recovered artifacts said to include over 500,000 silver and […]

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The Odyssey discovery of the "Black Swan" 17-ton gold and and silver coin treasure, its recovery and legal battle with Spain over it will air Thursday, April 2, on the Discovery Channel’s "Treasure Quest." The episode is likely to be the most fascinating of the season, and on Tuesday, excellent background and a preview of […]

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Embedded video from CNN Video News is abound with Odyssey Marine Exploration’s claim to have discovered HMS Victory, the legendary British warship that disappeared in the English Channel following a 1744 storm. Odyssey, a deep-sea exploration and treasure-hunting firm, announced their findings last Monday in London. The warship may have been carrying up to 100,000 […]

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Admiral Sir John Balchin’s British warship HMS Victory has been discovered in the English Channel where it fell victim to a 1744 storm, Florida-based deep-ocean shipwreck firm Odyssey Marine Exploration said Monday. Among other artifacts, accounts say the ship may have carried 100,000 gold coins weighing up to four tons. Odyssey has not specified a […]

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Odyssey Marine Exploration has discovered two more shipwrecks in the north Atlantic Ocean, the company announced this week. The Florida-based underwater salvage company filed admiralty claims for exclusive salvage rights in Tampa federal court Wednesday and released a public statement Friday. According to Odyssey, the two shipwrecks are steel-hulled, and as yet unidentified. The company […]

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The Republic of Peru on Tuesday entered the legal fray between Odyssey Marine Exploration and Spain over a 17-ton booty of Colonial-era silver and gold coins discovered at a shipwreck site Odyssey code-named the "Black Swan." That legal dispute started back in May of 2007 after Odyssey — a Florida based treasure hunting, and deep-sea […]

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Tampa treasure hunting firm Odyssey Marine Exploration filed their second 2008 results with the Securities and Exchange Commission. Odyssey reported a decrease of $.6 million in revenue for 2008 that was mostly due to fewer coins sold. The company provided updates on shipwreck projects, including the 17-ton gold and silver coin find from "Black Swan," […]

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The treasure-hunting company Odyssey Marine Exploration filed their first quarterly 2008 report with the Securities and Exchange Commission. In addition to updates on their numerous shipwreck projects, the company reported a first quarter revenue of $.3 million with a net loss of $6.8 million. Those compare to 2007’s reports of $2.2 million and $3.8 million […]

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A federal judge moved a legal battle forward by ruling Thursday on several counts between Spain and Odyssey Marine Exploration, a deep-sea treasure-hunting firm based in Tampa, Florida. The legal counts revolved around sites and a shipwreck that yielded a potential $500 million in Colonial-era gold and silver coins. Odyssey discovered a 17-ton bounty of […]

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