Kevin Costner Takes On Stephen Baldwin In $21 Million Dollar Oil Lawsuit
Posted on Mon Jun 4, 2012 10:00 AM PDT

KCostner021712_01_200.jpgLOS ANGELES, California (x17online) - Kevin Costner and Stephen Baldwin are getting set to battle it out in the courtroom over a deal worth millions that involve creating oil spill cleanup technology.

Four years ago, Costner and partners WestPac Resources and Patrick Smith developed a technology that could aid in the clean up of disastrous oil spills , with Baldwin and his friend Spyridon Contogouris joining the venture.

During the Deepwater Horizon spill happened in the Gulf of Mexico in April 2010, Costner and BP agreed on a deal that paid $18 million in advance against $52 million worth of the oil-separating mechanisms to help clean up the Deepwater Horizon spill.

Baldwin and Contogouris have sued, claiming they were left out of millions after having sold their shares of the company, Ocean Therapy Solutions, without knowledge of the BP deal and are seeking $21 million in damages.

Costner has since countersued, stating in a court filing, "Not only did Costner not know that Plaintiffs were negotiating to sell their OTS interests, he was surprised and offended by the idea that Contogouris and Baldwin would walk away from OTS with almost $2 million in cash despite having invested no money in the company, and at a time when a contract with BP was uncertain to materialize."

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