Stephen Baldwin - Baldwin Sues Costner Over Bp Deal

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Stephen Baldwin is suing Kevin Costner for allegedly duping him into selling his shares in a pioneering oil separating process.
The Dances With Wolves star and his inventor brother were among the saviours of the BP oil spill disaster earlier this year (10), thanks to their oil-filtration system. The Costners sold 32 devices to BP bosses through their company Costner Industries Nevada Corporation.
The systems helped the oil experts minimise the damage caused by the massive slick, which started drifting ashore on America's Gulf Coast after a rig ruptured in April (10).
But now the actor faces legal action from Baldwin, who claims he should have benefited from the Costners' success.
In a lawsuit filed in Louisiana and obtained by, Baldwin claims he was a 10 per cent partner in the invention backed by Costner, but the movie star and his partners made it seem as if Costner had already sold his shares in the company when in fact he was still heavily invested. Baldwin also claims the company misrepresented that there was no deal to sell the device to BP.
Baldwin alleges he was duped into selling his shares back to the company so Costner and his partners could score a bigger profit in a reported $52 million (£34.6 million) deal.
Baldwin is suing for unspecified damages.

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shopgirlpearl's picture


I'm a HUGE Costner fan....but when is enough money not enough? Of course, we don't know ALL the details, but still, once you are already living a charmed life, how much more do people need? Helping the enviornment should be the biggest reward for all involved. Although kudos to Costner and his brother for helping in the first place. I saw him talk on CSPAN.
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4 years 1 month ago
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