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Stephen Baldwin: Costner 'Robbed' Me In BP Disaster

12/23/2010 10:21 AM PST BY TMZ STAFF

Stephen Baldwin is suing Kevin Costner, claiming Costner and his business partner  "schemed" to make millions of dollars off the BP oil rig disaster ... by allegedly duping Baldwin into selling shares in a company that builds machines that separate oil from water.

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In a lawsuit filed in Louisiana federal court, Baldwin claims in April, he had a meeting in the wake of the oil disaster, and decided to become a 10% partner in an invention backed by Costner -- a device that separated oil from water that was actually developed during the filming of "Waterworld."

According to the lawsuit, Costner and his partners made it seem as if Costner had already sold his shares in the company when in fact he was still heavily invested.  Baldwin also claims the company misrepresented that there was no deal to sell the contraption to BP.

Baldwin alleges he was duped into selling his shares back to the company so Costner and his partners could score a bigger profit in a deal that was already inked -- specifically, a deal with BP valued at more than $52 million.

Baldwin is suing for unspecified damages. No comment from Costner's camp.

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Wait, whose birthday was it again?


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Impress your house guests and hook up your Christmas tree (or Hanukkah bush) with our one-of-a-kind celebrity ornaments!

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**Simply print out and cut along the template's edges and glue or tape the corresponding letters to one another to create your cool new tree accessories!**

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**CLICK HERE for contest rules and regulations!**


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Here's Megan Fox, frolicking around the beach in Hawaii yesterday.

Yes, Virginia ...


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Paris's parents, Rick and Kathy, are vacationing with them too -- plus sister Nicky and her boyfriend David Katzenberg.

Sounds like the vacation is going smoothly so far, last night Paris tweeted "Just had a nice walk on the beach with my parents and Cy. I love that they love him as much as I do. Such a nice feeling. :)"


Little Randy in 'A Christmas Story' : 'Memba Him?!


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104 COMMENTS

No Avatar
16.

Sam    

Baldwin being an alleged Christian or not he is entitled to his day in court as much as anyone else. Kevin Costner is NOT like the Characters he chooses to act out to be on the screen. These ACTORS can act on talk shows, interviews, as easily as they can on screen. Where is their charity? Some we see giving, most of them are just taking.

1337 days ago
17.

nelson    

doda got it rite on the dot she relly starting to look like a skank

1337 days ago
18.

Brian Workman    

"Baldwin!" I've got some great Vacation swamp land in Florida for "Sale!" cheap!? Jump on board real quick! Hurry Baldwin!!!

1337 days ago
19.

belldn3    

You'll know little Stephen has slight mental retardation. He doesn't know any better, it's not his fault.

1337 days ago
20.

vickie    

stephen baldwin is a weird jesus freak and drug addict....i love his brother,Alec, on and off the screen....he is normal....

1337 days ago
21.

flamoon    

SB is such a loser.

1337 days ago
22.

Marilyn    

He is an Acive Christian.

1337 days ago
23.

CriticalEyes    

Stephen Baldwin, Geebus fooled him, it's apparently easy to do...........

1337 days ago
24.

pat    

An entire clan of alcoholics that has gotten away with unbelievable stunts because of fame and fortune, that ANYBODY else would be sitting in jail for and they're breeding! Someday somebodies going to write a tell all about this family that's gonna shock the world! This family is the undisputed heavy weight champs of new money.

1337 days ago
25.

Bill    

Attn. Roland Siller. You can spell about as well as Bush could talk. Your ignorance shows.

1337 days ago
26.

pat    

The Baldwin family makes The Jacksons look sane!

1337 days ago
27.

Sheri    

What negative comments from all of you on every issue, its Christmas, stop the hate. Live and let live!!!!!!

1337 days ago
28.

jbsasktheape3000    

Boo Hoo I sold my shares and now I want them back because the company is making money.

1337 days ago
29.

jbsasktheape3000    

Wait I sold my share but now that they are making a profit I want them back, is he joking?
Don't all wish we could do that.

1337 days ago
30.

joe harris    

wow, comin' from a talented actor that brought you bio-dome, it pains me to write this but stephen is a drunkin', talentless piece o' crap! they oughta get all the baldwins together and make a movie called "ego-dome". between all of 'em they collectively have an ounce of talent. stuff like this is what makes me chuckle at the end of a long day and thankful i'm not in the same realm as these bozo's. if kevin costner was doin' somethin' bad, he'll get his in karma, but in the meantime i hope he gives baldwin what he deserves....nuthin!

1337 days ago
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