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Federal judge grants salvage firm title to some $110M in artifacts recovered from the Titanic
RICHMOND, Va. (AP) ' A federal judge has granted a company title to fine china, ship fittings and other artifacts it recovered from the Titanic during a half-dozen perilous salvage expeditions to the famed shipwreck.
U.S. District Judge Rebecca Beach Smith ruled Monday in Norfolk on behalf of RMS Titanic, Inc., which has exhibited the artifacts worldwide.
Smith had ruled a year ago that the company, which has exclusive rights to salvage the Titanic, was entitled to full compensation for artifacts worth about $110 million. But she put off deciding whether to give RMS title to the approximately 5,900 artifacts or sell them and turn over the proceeds to the company.
The Titanic sank in the North Atlantic on April 15, 1912, while making its maiden voyage. More than 1,500 passengers and crew perished.