-
Treasure hunters back in Texas court over $5 billion shipwreck fortune
More than a year after a Texas treasure hunter accused his former financial backer of cutting him out of a multibillion-dollar shipwreck venture, the legal battle over what could be one of the most valuable treasure finds in modern history has returned to federal court. New filings in the Northern District of Texas show both sides continuing to spar over the ownership of research, shipwreck data and the circumstances surrounding their once-lucrative partnership centered on the Nuestra Señora de las Maravillas, a Spanish galleon lost in Bahamian waters. In a June 19 filing, defendants Carl Allen and Allen Exploration ... (full story)