This excerpt taken from the OMEX 8-K filed Jul 24, 2009.
in Black Swan Admiralty Case
Tampa, FL July 22, 2009 Odyssey Marine Exploration, Inc. (NasdaqCM: OMEX) has filed its objections to the June 3, 2009 Report and Recommendation in the Black Swan Admiralty case (case number 08:07-cv-614).
Odysseys Objections include arguments that:
We know that admiralty law is complex, and the facts of this case are unique. I believe that the recommendation missed some key issues, and we have underscored those in our objection. We are confident that the facts and applicable law are in our favor, said Melinda MacConnel, Vice President and General Counsel for Odyssey Marine Exploration.
Odysseys complete Objections to the June 3, 2009 Report and Recommendation is available at www.shipwreck.net/blackswanlegal.php. Objections have also been separately filed by many descendants of the merchants who owned the private cargo on the Mercedes, arguing that the cargo never belonged to Spain, and that Odyssey was within its rights to recover coins on behalf of the true owners.