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Stephen Baldwin sues Kevin Costner over BP oil spill

by Nicole
December 23, 2010 at 2:45 pm

Stephen Baldwin is suing Kevin Costner after a business partnership went bad.

He claims to be an indirect victim of the ecological disaster involving the firm BP in the Gulf of Mexico.

In April, when a drilling platform of BP exploded causing a huge oil spill in the Gulf of Mexico, Costner convinced Baldwin to to become a 10% partner in an invention backed by Costner – a device that separated oil from water that was developed during the filming of the 1995 movie “Waterworld.”

Costner and his business partners have not indicated that other agreements had been concluded. They then convinced Baldwin to sell his shares back to the company in order to enable Costner to make larger profits back to the company so Costner and his partners could score an even bigger profit in a deal that was already inked with BP valued at more than $52 million.

Later, the invention would have been sold to BP for more than 52 million dollars.

Baldwin said he had “robbed” as he didn’t hit hit share of proceeds from the sale of the unit. He also claims that Costner and his associates “schemed” to take advantage of the ecological disaster.

The actor is seeking compensatory damages, the sum was not specified.

[Image source: YouTube]

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