Movie stars to battle in court over spill cleanup technology

Posted on June 6th, 2012 No Comments

Kevin Costner is being sued by Stephen Baldwin and a partner of his for allegedly duping them out of a deal to sell oil-separating centrifuges to BP after 2010’s massive oil spill.

The actors began their battle in New Orleans federal court on Monday.

Baldwin and Costner both owned stock in Ocean Therapy Solutions, the company that eventually sold the centrifuges to the oil company. Baldwin alleges that Costner misled him into selling his share of the firm while the Dances with Wolves star secretly brokered a deal with BP to buy the cleanup devices.

Baldwin and his partner made a combined $2 million from selling their stock, while Costner made $50 million selling the centrifuges to BP. Costner claims Baldwin had full knowledge of the BP deal but sold his stock for the guaranteed funds rather than gambling on the centrifuges.

Both actors were doing what they could to help the environment after the tragic spill dumped millions of gallons of oil into the ocean. There are still many volunteer opportunities in the continued cleanup efforts in the Gulf of Mexico.

Leave a Reply

Get news about the areas in the destructive path of Gulf oil spill.

Learn more about the affected areas of the Gulf oil spill
home  |  about us  |  environmental impact  |  economic loss  |  affected areas  |  types of claims  |  contact us  |  articles  |  law resources  |  faqs  |  blog  |  locations  |  Log in

Copyright ©2010 Williams Hart. Attorneys are licensed only in the state of Texas unless otherwise indicated in the biographical section. Past performance is no guarantee of future results. Williams Hart's primary office is located in Texas. The choice of a lawyer is an important decision and should not be based solely upon advertisements.
Terms of Use  |  Disclaimer  |  Sitemap

8441 Gulf Freeway, Suite 600, Houston, TX 77017-5051
Call toll free today: 800-821-1544