Delaware’s top court affirmed Tuesday an order to unwind a merger of ventures related to an 18th-century pirate shipwreck.
A shareholder who successfully challenged the combination of entities founded to recover and commercialize treasure from the wreck of the Whydah Gally had sought further remedies from the Delaware Supreme Court.
A one-page order signed by Justice N. Christopher Griffiths upheld a Delaware Chancery Court ruling from May 2024. The Delaware Supreme Court’s full five-member panel considered the appeal, but the order didn’t elaborate on their reasoning.
Discovered by underwater explorer Barry Clifford in 1982, the Whydah Gally is the only ...
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