Posted: Nov 8, 2010 12:46 PM by Greg Boyce
DENVER (AP) - A legal battle over how to divvy up the proceeds from the sale of what is believed to be the world's largest pearl continues in Denver.
The 14-pound Pearl of Allah is locked in a bank vault in Colorado Springs because of an ongoing legal battle. A federal court judge has agreed to revive the 29-year-old case but last week an attorney for one of the investors asked the court to stick to an earlier agreement.
According to court documents, litigation is pending in the estates of two major investors who have since died. The origin of the 9-inch diameter pearl, which resembles a human brain, is surrounded by legend and myth. The diver who found it in 1934 off the Philippines drowned when he reached into a huge clam to take it.