Jury Dismisses Baldwin's Lawsuit Against Costner
- Photo: Fame Flynet1 of 16
- Photo: Nector Marmolejos/WENN.com/WENN2 of 16
- Photo: Marcus Brandt/ddp/Invision/AP3 of 16
- Photo: Georgios Kefalas/Invision/AP4 of 16
- Photo: Schultz-Coulon/WENN5 of 16
- Photo: Charley Gallay/Getty Images North America6 of 16
- Photo: Warner Bros.7 of 16
- Photo: Ray Garbo/WENN8 of 16
- Photo: Orion Pictures/Promotional9 of 16
- Photo: Warner Bros./Promotional10 of 16
- Photo: Alex Brandon/Invision/AP11 of 16
- Photo: Alex Brandon/Invision/AP12 of 16
- Photo: Phil Klein/Invision/AP13 of 16
- Photo: Promotional14 of 16
- Photo: Mark J. Terrill/Invision/AP15 of 16
After deliberating for less than two hours, a jury rejected claims that Kevin Costner and his business partner swindled actor Stephen Baldwin out of millions in regards to a lucrative BP contract for oil cleanup devices in the aftermath of the 2010 Gulf of Mexico spill.
"My name means more to me than money and that's why we didn't settle," said Costner to the Associated Press shortly after the verdict was read in a New Orleans courtroom.
Baldwin and friend Spyridon Contogouris were seeking $17 million dollars in damages from the lawsuit which claimed that Costner convinced them to sell their shares in his Ocean Therapies Solutions. Had they known then that BP intended to buy the company's oil cleanup devices, they say they would never have sold their shares. BP spent an estimated $52 million on the oil-separating centrifuges.
Baldwin would not make a statement, but his attorney James Cobb told the press his client was "disappointed" in the verdict.
"We thought we proved rather convincingly that these two guys, Mr. Costner and Mr. Smith, defrauded us," he said. "The jury saw it a different way but we respect the jury's verdict."
MORE ON WONDERWALL:
Get all the scoop on "The Bachelorette" on Replay hosted by Wonderwall's Kirby Kristen.Watch Video »
Where Are They?
See what the cast of "American Beauty" is up to today.Watch Video »
Channing Tatum, Joe Manganiello and co-stars dish on being naked and wearing thongs on the set of "Magic Mike XXL" with Wonderwall.com's Kirby Kristen.Watch Video »
From Kate Hudson to Tyra Banks, check out these gorgeous stars sans makeup!Watch Video »
Check out Val Chmerkovskiy, Ian Somerhalder and more shirtless stars on Instagram on today's Celebs Gone Social.Watch Video »
Jada Pinkett Smith, Amber Heard and co-stars dish on what it was like on set of "Magic Mike XXL" with Wonderwall.com's Kirby Kristen.Watch Video »
Like us on Facebook?
UP NEXTEye Candy!
From Crowd Ignite