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Company Barred From Selling Titanic Artifacts

April 13, 2002|From Times Wire Reports

A federal appeals court refused to let an Atlanta salvage company sell artifacts recovered from the wreck of the Titanic.

In a 3-0 ruling, a panel of the U.S. 4th Circuit Court of Appeals in Richmond upheld a decision by a lower court judge and said that R.M.S. Titanic Inc. does not have title to the objects.

In 1994, U.S. District Judge J. Calvitt Clarke Jr. of Norfolk granted R.M.S. Titanic the exclusive rights to bring up items from the wreck. Later, however, the company, citing financial difficulty, wanted to begin selling some or all of the items.

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