Stephen Baldwin v. Kevin Costner. I didn’t see this fight coming, but, it’s on!
Baldwin has just filed a lawsuit against Costner, accusing him of duping him out of a multi-million dollar investment.
Apparently, Costner owns Ocean Therapy, a company which has invented machinery to separate oil from water. Think back to the BP oil spill in the Gulf of Mexico and then you will realize we are talking about a big boatload of dollars at stake here!
According to the lawsuit which was filed in a Louisiana federal court, Costner let Baldwin in on a 10% share of his company. But problems arose when, per Baldwin, Costner bought back Baldwin’s shares after allegedly lying to him about his eventual plans to sell the machinery to BP and making millions from the sale.
And not just two or three million dollars. As it turns out, Costner later sold 32 machines to the oil corporation, at a total estimated value of $52 million.
I guess Costner is accused of getting away with all the green while trying to go green for the environment. This should be an interesting case to watch unfold.