Titanic Ruling over Shipwreck Artifacts

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Posted: Aug 13, 2010 8:40 PM by Michael Marsh
Updated: Aug 13, 2010 8:41 PM
Source: Associated Press

  Rating: 5.0 (1 vote)

Topics: Titanic, RMS, salvage, Virginia, ruling

A federal judge in Virginia ruled a company is entitled to the value of about 5,900 aritfacts it salvaged from the wreck of the Titanic. But, the judge postponed a decision on whether to simply give the company title to the artifacts or sell them and turn the proceeds over to RMS. The items are worth an estimated $110 million. Until the decision is made next year, RMS can retain possession of the artifacts and continue displaying them in exhibitions around the world.

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