Fight Over $400M Emerald Goes to Court

Lawyers for at least five men claiming to be the owners of a rare emerald worth nearly $400 million went to court Tuesday to plead their case before a judge.

The emerald rock weighs 840 pounds and is being kept by the Los Angeles County Sheriff's Department.  It was discovered by two men in Brazil in 2001.  The men shipped it to a trader in San Jose in 2005 with the hope of selling it, but over the next four years it moved from city to city without any buyer. 

When one man reported it stolen last September, sheriff's detectives tracked it to Idaho, where they took possession from two men who say it was owed to them for an unpaid debt.

Judge John Kronstadt scheduled the next court hearing for early April.

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