Baldwin And Costner To Settle Lawsuit Over BP Oil Spill Cleanup In Court
Kevin Costner and Stephen Baldwin could spend the next few weeks in court down in New Orleans to settle a lawsuit over the BP oil spill.
Baldwin filed a lawsuit against Costner after the BP oil spill in 2010. Costner’s Ocean Therapy Solutions company sold BP centrifuges to help cleanup the oil spill. Baldwin said that he was duped by Costner to sell his shares before the deal, worth millions, went through.
The lawsuit also involves Baldwin’s friend, Spyridon Contogouris, who also feels that he was misled about the BP deal.
CBS reports that both Baldwin and Costner are expected to testify during the trial. Also, ”because of the seriousness of the claims and issues raised by the parties,” both parties are expected to be in court every day.
After the oil spill BP agreed to buy 32 of the centrifuges, which were designed to separate oil from water, for $52 million. Al.com reports that BP put down an $18 million deposit after a meeting with Kostner and his Ocean Therapy Solution’s business partner Patrick Smith.
Baldwin says that he was deliberately excluded from the meeting and that he and Contogouris are entitled to a share of BP’s deposit. Baldwin says that Ocean Therapy Solutions planned to use the deposit to buy Baldwin’s and Contogouris’ shares.
Costner says that he was unaware, and was even offended, to find out that Baldwin and Contogouris were planning to sell their shares of the company. A court filing summarizing Costner’s version of the story, reads:
“Not only did Costner not know that Plaintiffs were negotiating to sell their OTS interests, he was surprised and offended by the idea that Contogouris and Baldwin would walk away from OTS with almost $2 million in cash despite having invested no money in the company, and at a time when a contract with BP was uncertain to materialize.”
Baldwin and Contogouris are hoping to win $21 million from their lawsuit against Kevin Costner and Ocean Therapy Solutions. Costner and the other defendants have filed counterclaims for unspecified damages.
Tags : baldwin costner lawsuit, bp lawsuit, Kevin Costner, kevin costner lawsuit, ocean therapy solutions, stephen baldwin
Posted: June 4, 2012
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Jun 4, 2012
Why am I not surprised that Stephen Baldwin would sue for something he doesn't deserve! Loser
Jun 4, 2012
Why am I not surprised that Stephen Baldwin would sue for something he doesn't deserve! Loser
Jun 4, 2012
Why am I not surprised that Stephen Baldwin would sue for something he doesn't deserve! Loser
Jun 4, 2012
I hope Kevin Costner wins this. You don't know for sure but I believe he was trying to do the right thing during the oil spill crisis.
Jun 4, 2012
Stephen Baldwin STILL hasn't grown up.
Jun 4, 2012
Baldwin & Contogouris have not learned that they are BIG boys now……Wa, Wa, Wa.. BIG babies made a mistake in judgement, which at the time could have gone bad as well as good, and now after they made their decision want back in the situation..sorry boys, tough luck! Live and Learn….
Jun 4, 2012
Baldwin & Contogouris have not learned that they are BIG boys now……Wa, Wa, Wa.. BIG babies made a mistake in judgement, which at the time could have gone bad as well as good, and now after they made their decision want back in the situation..sorry boys, tough luck! Live and Learn….
Jun 4, 2012
The right thing? lol. What are you.. Forrest Gump's sister? He was in it to make millions, just like every other business. You don't sell equipment to the government to "do the right thing". There is nothing wrong with what he did, but to say he was trying to do the right thing? Yeah, do they right thing for him.
Jun 4, 2012
Baldwin sure looks disgusting these days…Boo F-ing hoo boys!
Jun 4, 2012
What a little weasel Baldwin is. Another slick little hustler trying to make money from the epic tragedy in the Gulf!
Jun 4, 2012
Sick em Kevin! Baldwin and Contoguris are gold digger; wanting something that should not be entitled to. I'm in your corner and wishing you the best. Good Luck
Jun 4, 2012
fredgingerale… You're calling Janicek Forrest Gump's sister???? You asshat, re-read the article, the governement wasn't involved you idiot, the systems were sold to BP!! Now who is the Forrest Gump around here???? Yeah that's what I thought
Jun 4, 2012
Greed. Plain & simple. The Baldwin name doesn't have much honor in the media………Why should these 2 profit from the brain child and hard work of Kevin Costner? I doubt that they helped or funded any of the many tests and equipment problems, design flaws and all the other problems that go along with developing such important technology. And I sure didn't see them down at any of the sites just after the spill, trying to help. They were trying to bail out and take cash. Now they want to share in the eventual success? TOOOOOO bad, losers. I hope you LOSE big time in court.
Jun 4, 2012
bp isnt the gov't, the ships in question also can clean the crap from water as I understand it so we are never short of drinking water…
Jun 4, 2012
He "baldwin" is needing money and that is the sole reason for all of it!
Jun 4, 2012
So, Fred, are you saying that Costner didn't do the right thing? I believe this equipment was designed specifically to scoop up oil spilled in water so, tell me, what's not right about that. And why shouldn't he make money off BP's screwup; after all, his company and its invention did what it was supposed to do, correct? So, in the long run, they did the right thing for everyone and Costner made some money. You have a good day, greeneyes.
Jun 4, 2012
Look at those red eyes, and I believe the pupils might be a tad dilated too; is this a case of the pink eye? Now, look at Costner's eyes, nice and blue and the whites are still white.
Jun 4, 2012
If they never put any $$ in why should they get a pay day. Greedy
Jun 4, 2012
STEPHEN BALDWIN IS A REPUBLICAN AND THAT IS ALL YOU NEED TO KNOW!
Jun 4, 2012
Have another drink Baldwin!
Jun 4, 2012
Oh boy – a friend of mine who specializes in these technologies told me Costner's equipment would fail and -WALLAH! Adding to that is Stephen Baldwin? Are you kidding? Congress really got punked on this one.
Jun 5, 2012
Baldwin always has been and always will be a horse's rearend.
Jun 5, 2012
Evelyn Atwood: Of course the pictures were carefully selected to make Costner look good and Baldwin to look bad. NewsMax and Fox News do it all the time.
Jun 5, 2012
And that is why we have a court and jury to settle these matters. It is rather disgusting to read the comments with a biased point of view. Let the facts play out supported by the evidence and based on the law, leading a jury of their peers to render a decision and judgment, upheld by the judge. That is our legal system, not all the Hollywood scenarios many of you wrote about in the budding litigation. It would appear to me the celebrity status of the lawsuit over-reaches the challenges fought over.
Jun 5, 2012
Don't trust the parties, trust the tale.
Jun 5, 2012
Yea Davidsfp because every nut job liberal like you knows you only get the truth from MSNBC.
Jun 5, 2012
what the helll r u talkin about?
Jun 5, 2012
my roomate's aunt makes $83/hr on the laptop. She has been without work for 8 months but last month her pay was $8682 just working on the laptop for a few hours. Read more on this site…NuttyRichdotcom.
Jun 5, 2012
Baldwins should not screw with the Hatfields.Baldwin still acting…acting like you deserve it. Give up before Costner makes you look more silly.
Nov 26, 2012
They look like brothers in the picture. They are acting like brothers by turning on each other. Settle out of court guys or give it all to the lawyers…..tc.
Nov 26, 2012
they do don't they.