Stephen Baldwin Sues Kevin Costner for Tricking Him into a BP Oil Spill Investment

In Business Law, Film Law by FASHIONENTLAW™

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“In the midst of the oil spill in the Gulf of Mexico by BP drilling rig, Deepwater Horizon, a number of news outlets got a bunch of yuks with news that Kevin Costner was the potential savior for the crisis — that his company, CINC (“Costner in Nevada Corporation”), had developed a technology that separated oil from water.

In a new lawsuit filed in Louisiana District Court, actor Stephen Baldwin and a friend named Spyridon Contogouris claim they were tricked into selling shares of the company that marketed CINC’s technology.

According to the complaint, Contogouris was approached in the early 2000s by Costner’s representatives to market the actor’s technology to various customers. He says he entered into an agreement in which he would receive a commission on sales of units. . .” THR.Esq has the full story.

Uduak Oduok (Ms. Uduak) is a Partner and Co-Founder of Ebitu Law Group, P.C. where she handles her firm’s fashion and entertainment law practice areas. Ms. Uduak has litigated a wide variety of cases in California courts. She has also handled a variety of entertainment deals for clients including network television and licensing deals. Her work and contributions to the creative industry has been recognized by numerous organizations including the National Bar Association, and featured in prestigious legal publications in the USA: ABA Journal and The California Lawyer Magazine. She is also the author of Fashionentlaw™ and also has over two decades combined hands on industry experience in the creative industry which includes modeling, retail, fashion production, public relations, digital media, journalism and publishing. For further inquiries or if you are seeking legal representation, please email (uduak@ebitulawgrp.com). You may also follow her on twitter at @uduaklaw

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