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Kevin Costner Beats Stephen Baldwin In $17 Million Oil Spill Lawsuit

//kevin costner stephen baldwin lawsuit verdict

Jun. 15 2012, Published 5:15 a.m. ET

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By Debbie Emery - Reporter

It took a federal jury just two hours to make a ruling between two Hollywood power houses and decide that Kevin Coster is not liable in a case brought about by fellow actor Stephen Baldwin and a New Orleans businessman, who claimed the Bodyguard star and others tricked them out of millions of dollars in a dispute stemming from the 2010 Gulf oil spill.

Baldwin and Spyridon Contogouris had said the Oscar winner fooled them into selling their stock in a company that made oil spill cleanup machines the same week that BP placed a $52 million order for the technology, reported

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The pair were seeking $17 million in damages but instead walked away with nothing but disappointment.

"The jury was doing their best to understand everything in a... seemingly complicated issue," explained Costner outside the New Orleans Federal Courthouse after the verdict on Thursday night. "It was my good luck that they saw the truth of this story, and the good luck of this company and everybody involved that we were talking about the facts and not a story."

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The Dances With Wolves star said from the start that this case was about clearing his name, which is why he refused to settle.

Alec Baldwin's younger brother, Stephen, and his partner were not available to comment on the ruling.


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