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Kevin Costner in Court

I Did NOT Defraud

A Baldwin

6/4/2012 9:42 AM PDT BY TMZ STAFF
breaking news


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Kevin Costner
is ready to prove to a jury he's not a fraud ... despite what Stephen Baldwin says -- because the courtroom showdown starts today in New Orleans.

TMZ broke the story ... Baldwin sued Costner back in 2010, claiming the actor duped Baldwin into selling shares in a company that builds machines designed to clean up oil spills.

Baldwin claims Costner and his business partner knew that the company was about to score a bonanza by selling the machines to help clean up the BP disaster, but withheld the info from Baldwin, who then sold his shares back to the company, not knowing about the looming windfall.

Costner claims there was no firm deal to sell the machines to BP when Baldwin dumped his shares ... adding he had no idea that Baldwin was even interested in selling.

Costner's company scored a $52 million deal with BP, and Baldwin now wants $21 mil for his troubles.

Jury selection has just gotten underway. Thanks to WGNO for the video.

46 COMMENTS

No Avatar
31.

Seldombinlaid    

Baldwin is an idiot.

834 days ago
32.

niles    

The last time I heard anything about that loser was him going bankrupt. So where did the money come from to invest?

834 days ago
33.

Kate    

Doesn't GOD direct his will? Why not sue GOD then??? Right it was GOD's will ALL BALDWON'S WOULD BE L-O-S-E-R-'S

834 days ago
34.

Kitty    

Will be interesting to see how all this plays out...I'm rooting for Costner.

834 days ago
35.

Grouchy Marps    

Too bad that the giant windfall from Biodome wasn't enough for him.

834 days ago
36.

shiela    

Yeah, no one knew the deal was going through before he sold his shares. BS I hope he gets something for the sneakiness on Costners' part.

834 days ago
37.

hudson    

Not today.

824 days ago
Previous 15 Comments | 1 | 2 | 3

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