Actor Kevin Costner successfully defended himself against a lawsuit filed against him by fellow actor Stephen Baldwin in a federal court hearing in New Orleans. Baldwin had claimed that Costner owed he and his friend, Spyridon Contogouris, over 17 million dollars in damages relating to a deal with BP to buy oil separating devices following the April 2010 oil spill in the Gulf of Mexico. Baldwin alleged that Costner cheated him and his friend out of their shares of the profits. The jury deliberated for less than two hours before coming to the decision that Costner owed them nothing.
Following the decision, Costner said that “my name means more to me than money, and that’s why we didn’t settle.” Costner went on to explain that the oil separating device was created by his company, Ocean Therapy Solutions. Baldwin has claimed that he and his friend had no knowledge of the BP deal when they consented to sell their shares.
Costner said that he is grateful to the jury, and admits he was lucky that the jury “saw the truth of the story.”