U.S. Firm Ordered to Turn $500 Million Treasure Over to Spain

MIAMI, FL.- A Florida treasure-hunting firm must hand over to Spain the $500 million in gold and silver coins the company salvaged more than two years ago from the bottom of the Atlantic, U.S. District Judge Steven D. Merryday ruled.
The judge rejected the arguments offered by Odyssey Marine Exploration, Inc. to support its claim to the treasure.
While giving Odyssey 10 days to turn over the hoard, Merryday left the door open to extending that deadline to accommodate a possible appeal [...]