Stephen Baldwin sues Costner over oil device – UPI.com

NEW ORLEANS, June 4 UPI — Actors Kevin Costner and Stephen Baldwin were in court Monday in New Orleans, battling over a business deal for a device designed to contain oil spills.

Costner is being sued by Baldwin, along with another plaintiff, seeking unspecified civil damages. Patrick Smith, a business associate of Costner’s, and Pacific West Resources, a California company in which they are officers, are also named as defendants in the lawsuit, The New Orleans Times-Picayune reported.

U.S. District Judge Martin Feldman says both Baldwin and Costner must appear each day at the trial, WWL-TV, New Orleans, reported.

Baldwin and fellow plaintiff Spyridon Contogouris were minority stockholders in Ocean Therapy Solutions, which Costner formed to market a centrifugal device that separates oil from water.

The plaintiffs allege Costner failed to tell them about a meeting in 2010 in which the British oil producer BP agreed to make an $18 million deposit on an order for 32 of the devices that was valued at an estimated $52 million.

via Stephen Baldwin sues Costner over oil device – UPI.com.

Strange Random Oil Quote:

“Truth will rise above falsehood as oil above water.” – Miguel de Cervantes Saavedra

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Posted on June 5, 2012, in Article and tagged , , , , , , , , . Bookmark the permalink. Leave a comment.

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