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Stephen Baldwin Sues Kevin Costner

Stephen Baldwin Sues Kevin Costner - Stephen Baldwin ("The Usual Suspects") filed a federal lawsuit in New Orleans on Wednesday against Kevin Costner over their investments in a device that BP used during the cleanup of the massive Gulf of Mexico oil spill, according to the Associated Press.

Baldwin and his friend Spyridon Contogouris said in the suit they owned 10% of the company Ocean Therapy Solutions, which marketed and manufactured a centrifugal device to separate oil from water. Costner spent years developing the device.

Stephen Baldwin Sues Kevin Costner

The catch? Costner and his business partner Patrick Smith made a $52-million deal on June 8 in which BP would purchase their oil-separating centrifuges to help clean up the gulf coast, complete with an $18-million deposit, according to Baldwin's suit. That deal was done just days before Costner and Smith led Baldwin and Contogouris to believe there was no interest in the technology and that they should sell their shares of the company, which they did for $1.4 million and $500,000, respectively, the AP reports.

According to their suit, which seeks unspecified damages, instead of getting a share of BP's deposit, they claim Costner and Smith "schemed" to use the deposit to be bought out of the company.

Costner's publicist declined to comment on the suit's allegations.

Stephen Baldwin Sues Kevin Costner


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