The U.S. Court of Appeals Monday ruled in favor of the Colombian government, in a dispute with a U.S. salvage company over possibly the most valuable shipwreck ever discovered.
The U.S. Court of Appeals upheld the
The court ruled against SSA primarily because the three-year statute of limitations on unlawful events had passed.
BACKGROUND: Colombia concedes U.S. company owns share of sunken treasure
SSA reportedly has 30 days to request the court reconsider the decision, or make an appeal to the U.S. Supreme Court.
The San Jose, which sunk in flames after being chased down by a British fleet in 1708, is estimated to have been carrying over two tons of platinum, along with a bounty of gold and emeralds collected in the South American colonies. The loot was on its way to King Philip V in Spain, to help finance his war against the British.