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Stephen Baldwin Sues Kevin Costner: 'Robbed' Me Over BP Oil Spill

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By Laura Strachan, Esq. on December 28, 2010 8:47 AM

Actor Stephen Baldwin sues Kevin Costner. That is the latest headline coming out of Hollywood - and somehow none of us are all too surprised. The suit would not be that strange except that it is related to the BP oil spill, of all things.

Alleging securities fraud and misrepresentation, Baldwin in claiming $3.8 million in damages. Baldwin claims that Costner duped him into selling shares (10% in total) into a company that build machines to be used to help clean up the spill. Interestingly enough, the machine was developed when Costner starred in "Waterworld" and was supposed to separate water and oil.

Baldwin was introduced to the machinery while researching a documentary he hoped to film on the spill. Baldwin, along with his partners, claim that not only were they misled but the company was not what it said it was either, according to the Hollywood Reporter. Costner's company, CINC (Costner in Nevada Corporation) is also named in the suit.

The suit between Baldwin and Costner is yet another interesting manifestation of BP oil spill issues. If this whole incident wasn't enough for Baldwin, the bum machinery wasn't the only thing to go bust:

Baldwin also never made his documentary.

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