Property Law Keyed to Smith
Columbus-America Discovery Group v. Atlantic Mutual Insurance Co.
Columbus-America Discovery Group (Columbus) recovered gold from a shipwreck and moved to declare itself the owner of the gold in district court. Atlantic Mutual Insurance Company (Atlantic) sought to quash Columbus’ claim to the gold because they had already underwritten the gold. However, Atlantic lost their documentation regarding the gold. The district court granted judgment in favor of Columbus.
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Procedural Posture & History:Shares the case history with how lower courts have ruled on the matter.
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