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BRIEF: Judge will decide fate of Titanic artifacts after Jan. 4

Posted on: Mon, 23 Nov 2009 18:05:00 EST

Symbols: PRXI, SOST

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NORFOLK, Nov 23, 2009 (The Virginian-Pilot - McClatchy-Tribune Information Services via COMTEX) --
SOST | Quote | Chart | News | PowerRating -- A federal judge said today she would decide sometime after Jan. 4 the fate of thousands of artifacts from the Titanic shipwreck.

Premier Exhibitions Inc., the parent company of RMS Titanic Inc., has asked U.S. District Judge Rebecca Beach Smith to award it sole title to the artifacts with covenants to preserve them forever.

Smith could agree to that or award the company the estimated value of the pieces: $110 million.

Theoretically, the judge could auction the treasure on the courthouse steps, but that conclusion appears unlikely. Smith, who has overseen the case for more than 10 years, has indicated in the past her desire that the collection remain intact.

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For full details on Premier Exhibitions Inc (PRXI) PRXI. Premier Exhibitions Inc (PRXI) has Short Term PowerRatings at TradingMarkets. Details on Premier Exhibitions Inc (PRXI) Short Term PowerRatings is available at This Link.

For full details on (SOST) SOST. (SOST) has Short Term PowerRatings at TradingMarkets. Details on (SOST) Short Term PowerRatings is available at This Link.

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