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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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Xtina & Boyfriend -- Horsing Around France


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Wait, whose birthday was it again?


TMZ's Celebrity Ornament Origami!


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!**


Megan Fox -- Holiday Hotness


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

Yes, Virginia ...


Paris Hilton: Hawaii for the Holidays!


With freezing temps and rain all over the country, Paris Hilton still managed to find a sunny beach.

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The heiress was spotted on the sands of Maui with boyfriend Cy Waits yesterday, wearing a black cut-out bathing suit and a shimmery, snakeskin wrap.

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
76.

Zerod57    

In regard to Comment #9 & the "lesson learned", are We, the People, to assume the world would be a better place had we elected John Mc(Bush)Cain & Sarah (Bubblehead) Palin? Grow up already. As long as we continue to elect from the same pool of Republ~Crats we will continue to lose ground, our rights & ultimately, our asses.
Consider 200 years of Republican/Democrat promises. We should be living in a Utopian Society. We elect Republicans to clean up after Democrats. Then, when the scandals reach their greedy little necks, the GOP gives us a TOTAL LOSER, so they can come back in 4 yrs & blame everything on "that damned Democrat".
And around & around we go!!
One symptom of insanity is doing the same thing expecting differant results.
The solution? QUIT VOTING FOR REPUBLICANS & DEMOCRATS!!
It don't matter if the candidate is a Muslim, Commie, Arabic Hermaphrodite or "WHATEVER", as long as he/she is loyal to the US Constitution!!
Thank you. Sheesh!!
Get it?

1407 days ago
77.

vbookish7    

#9 The Republicans are untrustworthy buddy. They didnt want to pay fund for 9-11 heros. Does that bother you at all? The GOP are pathological and obstructionist to our Democracy. Obama is a hero of the people.

1407 days ago
78.

steve     

must be enough BALDWINS to bait a trot line a mile long. just
a bunch of wanna be actors......don't know how anyone pays
any attention to any of them.

1407 days ago
79.

Star    

I still Like Obama! and still think he has done alot of good!! You cant get everything done at once, and clean up every mess at once. Lets Focus on the good , which there has been alot of! Remember where we were as a nation when he took over? and the state of the nation and the world? we have come far, but so far to go still, you just cant do everything at once, and get everything you want.

1407 days ago
80.

Bobby    

I wouldn't give you 10 cents for this entire [loser] lot! Baldwin has his head up his butt. Costner is known to be a slick character. Megan Fox; well, just look at the photo - see if you feel like gaging. When she's 30 years old, she'll look like something the cat dragged in...and Hollywood will have a new "flavor" to make fun of.

1407 days ago
81.

doc20    

Let us not knock Stephen Baldwin for his past disgressions.
He should of been a better business savvy person.
We all do not know the facts. Unfortunately he does not have Alec's savvy, however, lucky for Alec 30 rock revamped his career in high gear. He made bad business decisions in the past by some movies he produced turned out c movies and made no profit.
Let us not knock anyone because we all live in glass houses and no one on these comments should throw stones.

1407 days ago
82.

tom    

Megan, get out of the water and head directly for the burger stand for the next 14 days.

1407 days ago
83.

J. Williams    

Roland Silter, you only confirm what everyone already knows--you call Steven Baldwin all sorts of names implying he is a dem., when in fact he is a goper----do you people ever get your facts right! The more you gopers post the worse you sound--keep it up!

1407 days ago
84.

amphi    

I hang out at a cigar lounge/shop that Stephen Baldwin would frequent in Tucson, Arizona. He is a very personal, friendly and generous person. Alec and Kim would show up once in a while. Alec and Kim have the "Hollywood" personalities. Stephen though is a very nice guy that doesn't make you feel uncomfortable to be around or that he is better than you. Great guy.

1407 days ago
85.

mike    

roland.. you're an idiot

1407 days ago
86.

budo    

Baldwin is a dolt!!! Duped?? Baloney!!! Just like in the stock market--you take your shot and you take your chances. TOUGH!!

This Fox chick is ridiculous. Looks like a book tatooed on her side. What a lout!

1407 days ago
87.

carl    

baldwin is a loser anyway

1407 days ago
88.

Meeeee    

Jeanne,

He meant to spell his name as Barry Saddam O'******s***...

1407 days ago
89.

john    

meagan fox is nasty !!!!!!!!!!!!!

1407 days ago
90.

AJ    

LOVE IT WHEN SOMEONE SLAMS SOMEONE FOR BEING DUMB AND THEN MISPELL THE POTUS NAME. THATS RICH!!!

1407 days ago
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