Kevin Costner - Kevin Costner Defeats Stephen Baldwin In Oil Spill Lawsuit15 June 2012
Kevin Costner Defeats Stephen Baldwin In Oil Spill Lawsuit
According to the Associated Press, Baldwin and a friend were seeking $17 million in damages, claiming they could have made at least that much in the deal. A federal jury sided completely with Costner, handing the pair nothing. The 'Hatfields and MCCoys' star smiled and shook his attorney's hand as a grim-faced Baldwin left the court-room. His attorney James Cobb said, "We're disappointed. We thought we proved rather convincingly that these two guys, Mr. Costner and Mr. Smith, defrauded us.The jury saw it a different way but we respect the jury's verdict". Baldwin sold his shares in Ocean Therapy Solutions for $1.4 million, though claims he would have held out for far more if he had known oil giant BP had placed a $52 million order. Attorneys for Costner said Baldwin and his friend knew BP were well aware of the order when they walked away from the contract, rather than gamble for a more lucrative pay-out.
Costner had reportedly lost $20 million in an earlier effort to market the oil cleaning devices, though Cobb claims he made $15 million from the investments in the business following the oil spill.
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