Stephen Baldwin sues Kevin Costner over BP oil spill cleaning device
Stephen Baldwin recently sued fellow actor Kevin Costner over investments he had made in technology developed by the "actor's company, which was used to help clean up BP's oil spill in the Gulf of Mexico.
Costner, known for films such as "Waterworld," has not commented. Baldwin says the actor and a business partner duped him and a friend into selling shares in a firm that marketed centrifuges that separate oil from water, which were made by the Costner in Nevada Corporation, the Associated Press said. The oil leak was sealed in September.
Baldwin, who appeared in films such as "The Usual Suspects" and the reality show "I'm a Celebrity... Get Me Out of Here!," says he and his friend were excluded from a June business meeting attended by Costner, his partner and a BP executive.
BP purchased 32 centrifuges and the man had agreed to made a $18 million deposit on them, the news wire said, adding that some of the devices were deployed on a barge in June.
Baldwin says after being kept in the dark, he agreed to sell his shares for $1.4 million days later. He alleges in the lawsuit that Costner and the business partner "schemed" to use money from the deposit to buy his and his friend's shares.