59°
Baton Rouge, Louisiana
7 Day Forecast
Follow our weather team on social media

Court battle over huge emerald nears resolution

3 years 2 months 1 day ago Wednesday, October 15 2014 Oct 15, 2014 October 15, 2014 4:33 PM October 15, 2014 in News
Source: Associated Press
By: Linda Deutsch

LOS ANGELES - The convoluted court battle over ownership of an 840-pound emerald appears to be nearing resolution.

A judge eliminated from consideration Mark Downie, one of the men claiming ownership of the emerald that has been appraised at $372 million. It is considered one of the largest in the world.

One more trial awaits for another group of would-be owners. The government of Brazil, where the rock was found, has also lodged a claim.

The case of the giant emerald first landed in Los Angeles Superior court in 2008 and has been stuck in litigation since then. Lawyers say the well-traveled stone made stops in California, New Orleans, and Las Vegas before it was trucked to Los Angeles for safe-keeping by sheriff's deputies.

More News

Desktop News

Click to open Continuous News in a sidebar that updates in real-time.
Radar
7 Days