Jim Chapman Represents Plaintiff, Receives 100% Treasure Salvage Award in S.S. Central America Case

Posted on September 7, 2016
Posted in Updates

Federal Judge Announces Favorable Ruling in the Matter of the SS Central America and Recognizes the  Contribution of Odyssey Marine Exploration

TAMPA, Fla., Sept. 06, 2016 (GLOBE NEWSWIRE) — Ira Owen Kane, the court-appointed Receiver for the salvor of the SS Central America, Recovery Limited Partnership (RLP), announced today that on August 31, 2016, Chief Judge Rebecca Beach Smith of the United States District Court, Eastern District of Virginia, granted RLP a salvage award of 100% of the fair market value of the items recovered from the 2014 excavation conducted by Odyssey Marine Exploration. Further, Chief Judge Smith awarded title to RLP of all items recovered in order to satisfy the award, the disposition of which will occur under the auspices of the Receiver, subject to approval by Judge Patrick Sheeran of the Court of Common Pleas, Franklin County, Ohio.

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