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Saturday, 9 June 2012 - Costner pans Baldwin role in oil skimmer company |
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See the best of Reuters photography.  See more  Greece's invisible tourists Greece's slumping tourism industry accounts for one in five jobs in the country.  Slideshow  CMT Music Awards Toby Keith and Kristen Bell host as Carrie Underwood wins big.  Slideshow  Costner pans Baldwin role in oil skimmer company Tweet Share this Email Print Related News Lawyers for actors Costner, Baldwin face off in trial Tue, Jun 5 2012 Actors Costner, Baldwin go to trial over business deal Mon, Jun 4 2012 Russia offers to buy BP's $30 billion JV stake: source Fri, Jun 1 2012 Masseur drops sex assault claim against John Travolta Tue, May 15 2012 Analysis & Opinion The honest truth about why we cheat for others BP’s Russian exit would lead to existential limbo Related Topics Entertainment » Fashion » A combination photo shows actor Stephen Baldwin (L) at the premiere of the film ''Mission: Impossible - Ghost Protocol'' in New York in a December 19, 2011 file photo and actor Kevin Costner at the premiere of television series ''Hatfields and McCoys'' at Milk Studios in Los Angeles, California, in a May 21, 2012 file photo. Credit: Reuters/Carlo Allegri (L) and Bret Hartman/Files By Kathy Finn NEW ORLEANS | Fri Jun 8, 2012 3:33pm EDT NEW ORLEANS (Reuters) - Kevin Costner downplayed fellow actor Stephen Baldwin's role in a venture that made oil cleanup devices when he testified on Friday in a lawsuit accusing him of cheating Baldwin in a multimillion-dollar deal to sell the devices to BP Plc. "I wondered what Stephen Baldwin was doing," Costner said in his first direct mention of Baldwin since the trial began on Monday in U.S. District Court in New Orleans. "I never saw him do anything." The federal lawsuit brought against Costner by Baldwin and business partner Spyridon C. Contogouris claims Costner cheated them by hiding details about the deal through which BP bought 32 oil and water separation devices developed by a company owned by Costner. Both actors once invested in Ocean Therapy Solutions, the company that owned the oil-separating centrifuges. BP made an $18 million advance payment for oil extraction devices to be used after the April 20, 2010, Deepwater Horizon disaster in the Gulf of Mexico. According to the lawsuit, Baldwin and Contogouris claim they were not told about the deal with BP before they agreed to sell their shares in the company that had been set up to market Costner's extraction devices. As a result, they claim they were duped out of part of the $18 million deposit. The plaintiffs want damages of $15 million to $20 million, according to Baldwin's attorney. Costner's attorney, Wayne Lee, has said that Baldwin and Contogouris are not entitled to any payments because they sold their share in the company before the deal with BP was sealed. On Friday, Costner, dressed in a tan suit, at times seemed critical of himself. "Gosh I'm terrible," he said as he struggled to articulate the company's financial workings. Later, Costner, seated on the witness stand, stared at Baldwin and asked, "Are you amused at this?" "Are you talking to me?" asked the plaintiffs' attorney, James Cobb. "No, I was looking at your client, Mr. Baldwin," said Costner, 57, the star of such movies as "Field of Dreams", "The Untouchables" and "The Bodyguard." U.S. District Judge Martin Feldman told Costner to stop talking to Baldwin. Baldwin, 46, has yet to testify in the case, which is expected to last through the end of next week. The youngest of four brothers all of whom are actors, he is known for roles in "The Usual Suspects" and "Flyboys." (Editing by Chris Baltimore and David Gregorio) Entertainment Fashion Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. 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