Baldwin Sues Costner Over BP Oil Devices
Actor feels conned out of shares
Actors Stephen Baldwin and Kevin Costner met in a New Orleans courtroom on Monday to settle a lawsuit over investments in a device used to clean up the 2010 BP oil spill in the Gulf of Mexico. Baldwin is suing Costner for conning him out of shares in Ocean Therapy Solutions, a company created to market Costner’s oil-extracting centrifuges, before sealing an $18 million deal with British Petroleum. The oil company bought 32 of the devices, which were deployed in June 2010 to assist in the clean up of the Deepwater Horizon spill. Baldwin, who owned 10 percent of the company the day before the deal, is seeking $21 million in damages. Costner began developing oil separation machines after he produced and starred in the 1995 post-apocalyptic film Waterworld.
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