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After 6 years, ownership of massive emerald may finally be settled
After 6 years, ownership of massive emerald may finally be settled

Over the last 61/2 years, nine men, one woman, three corporations and one government have laid claim to the giant emerald that’s been at the center of a protracted ownership dispute in Los Angeles County Superior Court. On Thursday, Judge Michael Johnson, the second judge to preside over the case, said he finally has determined the owner. Johnson’s tentative ruling hands victory to a holding company owned by three businessmen, who claimed the emerald became theirs after it was put up as collateral in a $1.3-million deal for diamonds that ultimately fell through. The company — co-owned by Idaho businessmen Kit Morrison and Todd Armstrong, and Jerry Ferrera of Florida...

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