From The Santa Fe New Mexican:
May 25, 1914: Washington — Practically nothing may be recovered by those who lost relatives or baggage in the Titanic disaster, as a result of a decision by the Supreme Court. The court held that the liability of the Oceanic Steam Navigation Co. against the $13 million in claims against it as owner of the Titanic is limited in the U.S. by the American limited liability law of 1851 to the value of salvage recovered and the freight and passage money received in the Titanic’s voyage. That amounts in all to $91,000. The decision in no way affects suits brought against the owners in other countries.