Just found the news from Air Classic Magazine(Vol. 40/Num 11).
The Navy has reversed course and agreed to give the hulk of demolished Brewster-built Corsair to Lex Cralley of Princeton, Minnestoa. Help came from an unusual source the US Government. When Rep. Walter Jones (R-NC) heard of the lawsuit he offered his aid to Cralley and asked the Navy to drop their suit and give the wreckage to the aviation enthusiast. Jones wrote a leeter to Navy Secretary Gordon England in which he asked England to exert some "common-sense leadership" to avoid having the F3A Corsair become a "laughable poster child" for big government run amok.
Cralley was relieved that the Navy agreed to transfer title of the wreck to him. This happened after Alberto Mora, the Navy's top lawyer. agreed to junk the lawsuit. "It was a whole lot more work to retain the plane than to obtain it." said Cralley who also expressed his thanks to Rep. Jones.
Depsite that and the pasage of decades with no apparent Navy interest in retrieving the aircraft, the service maintained in its lawsuit that it still owned the Corsair.
-- "Warbird Report, Keep em flying from Air Classic Magazine of Vol 40/Num 11"
Well, he is lucky now.