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Posted at 6:00 PM ET, 02/15/2011

Update: Stephen Baldwin sues Kevin Costner over oil centrifuge deal

By The Reliable Source

Kevin Costner, 2011.(Ezra Shaw/Getty)/ Stephen Baldwin, 2009. (AP/Peter Kramer)

Stephen Baldwin and a business partner are suing Kevin Costner for allegedly cutting them out of a lucrative oil cleanup deal. Costner is a big investor in a machine that separates oil and water -- just the thing for the BP spill last year. (Costner was on the Hill last June complaining how hard it is for small businesses to get a piece of that action.) In a complaint filed in U.S. District Court in New Orleans, Baldwin and his buddy claim they invested in the company and were duped into selling their interest for peanuts -- shortly after Costner struck a secret $52 million deal to lease 32 centrifugal oil separators to BP, reports the Los Angeles Times. (The fact that the technology had little to no impact seems to be beside the point.) Anyway, this is going to be messier than the plot of "Waterworld."

By The Reliable Source  | February 15, 2011; 6:00 PM ET
Categories:  Update  
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