THE UNIVERSITY DAILY KANSAN
MONDAY, JUNE 18, 2012
PAGE 5
COURT
Costner and Baldwin battle in court over BP
NEW ORLEANS — Kevin Costner said his reputation was at stake as he defended himself against accusations that he cheated fellow actor Stephen Baldwin out of millions of dollars in a lucrative BP contract for oil-cleaning machines after the 2010 spill.
Baldwin and a friend were seeking $17 million in damages,saying they could have made at least that much in the deal. A federal jury sided with Costner and gave them nothing.
Costner smiled and shook his attorney's hand as a grim-faced Baldwin left the courtroom.
"My name means more to me than money and that's why we didn't settle." Costner said.
After a two-week trial, eight jurors deliberated for less than two hours before giving their decision in the lawsuit brought by Baldwin and his friend, Spyridon Contogouris.
Baldwin referred questions about the verdict to his attorney, James Cobb.
"We're disappointed. We thought we proved rather convincingly that these two guys, Mr. Costner and Mr. Smith, defrauded us," Cobb said. "The jury saw it a different way but we respect the jury's verdict."
Contogouris and Baldwin sold their shares in Ocean Therapy Solutions for $1.4 million and $500,000 respectively. The company was marketing the oil-separating centrifuges
CRYPTOQUIP
Baldwin testified he would have held out for much more if he had known BP had committed to ordering 32 of them. Soon after they sold their shares, the oil giant made an $18 million deposit on a $52 million order.
Attorneys for Costner and Smith said Baldwin and Contogouris knew BP was preparing to order the machines when they walked away from the company rather than gamble for a more lucrative payout.
Associated Press
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SUDOKU
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MUSIC
Chris Brown, Drake involved in club fight
NEW YORK — Police have shut down a New York City nightclub where singer Chris Brown and rapper Drake's entourage got into a bottle-throwing brawl.
A New York Police Department spokeswoman says the club W.I.P in the city's SoHo neighborhood was
closed Saturday, June 16 because of code violations. The NYPD gave no details on the violations.
Chris Brown, his girlfriend and his bodyguard were among eight injured during the fight inside the club last week. Police say members of Drake's entourage stopped Brown as he was leaving. The fight escalated and bottles were thrown.
Associated Press
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