MEMORANDUM OPINION AND ORDER
MOTLEY, District Judge.
On January 1, 1968, Ferryboat SCRANTON sank in the navigable waters of the Hudson River off Hoboken, New Jersey. When its owners declined to remove the boat the Army Corps of Engineers, finding it a menace to navigation, had it removed at a cost of $131,335. Meanwhile, the owners filed a petition for exoneration from or limitation of liability pursuant to 46 U.S.C. §§ 183-185 and Rule F of the...
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