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Kevin Costner

Victorious in Oil War

with Stephen Baldwin

6/14/2012 5:05 PM PDT BY TMZ STAFF
breaking news

0620_getty_kevin_costner_stephen_baldwinKevin Costner doesn't owe Stephen Baldwin squat after Baldwin sued him for allegedly duping him into prematurely selling shares of a company that scored a $52 million contract after the BP oil spill.

Moments ago, the jury rejected claims that Costner deceived Baldwin into selling shares of his stock in a company that made a financial killing by selling oil cleanup equipment in the wake of the BP spill.

It didn't take long for the jury to decide -- a verdict was reached in less than 2 hours of deliberation.

Baldwin and another plaintiff had collectively sought $17 million in damages.

Baldwin had previously argued that he sold his shares for a measly $500k ... but he would have made MILLIONS if he would have held on until after the BP deal.

45 COMMENTS

No Avatar
1.

Chris    

I think juries always side with the more famous party.

826 days ago
2.

parlayer    

BOO HOO Baldwin. got out smarted and to dump to prove it!

826 days ago
3.

aidaman    

This was the easiest case in the history of civil trials.

826 days ago
4.

static    

Karmic backlash coming your way Kevin.

826 days ago
5.

Majestik    

Schmuck, that's what you get for blaming someone else for your poor decisions. Maybe next time you'll be more responsible with your money.

826 days ago
6.

Javadude54    

Baldwin, of course, will blame SATAN!!

826 days ago
7.

the artist formerly known as hand turkey    

Is Kevin Costner psychic? Did he know this disaster was going to happen? Boo hoo, SB didn't profit from the oil spill....

826 days ago
8.

GabrielRRetana    

Baldwin needs the money... Wehhh wehhh spilt milk or uhhh oil. ha

826 days ago
9.

EggsOverEasy    

NERD FIGHT!

826 days ago
10.

Seldombinlaid    

Umm OOPS

826 days ago
11.

sweetannabellee    

So glad this ******* made money off of destroying our beautiful beaches down here in Alabama. Took crews months to clean that **** up. Fisherman couldn't feed their families. Sea life suffered. I couldn't even take my kids to the beach because the damage was so bad. It was downright heartbreaking. But hey it's all about the money right?

826 days ago
12.

IceGypsy    

how do you deceive someone into selling shares of stock? All you can do is give someone your opinion, and they will do with it what they like. Unless Costner put a gun to his head and said sell, nothing much to do about it.

826 days ago
13.

David     

Stephen's god is the money. What a phony Christian.

826 days ago
14.

MsSuburbia    

Ha ha ha ha ha ha ha ha ha ha ha ha ha ha!

826 days ago
15.

Regina    

If people sued for every time that they got nervous and dumped or sold stocks before a company went big, nobody would sell any shares of any company to anybody. That is what buying and selling stocks is all about. You take a risk and sometimes you lose. Stephen just wimped out and took a loss. He shoudn't have won the lawsuit. If you can't play with the big boys, than you don't play, easy as that.

826 days ago
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