Costner Seeks Dismissal Of Suit Over $52M BP Deal

Law360, New York (March 22, 2011, 11:37 PM EDT) -- Actor Kevin Costner asked a Louisiana court Tuesday to dismiss Stephen Baldwin's suit that claims Costner hid a $52 million purchase order with BP PLC to deny Baldwin his stake in a joint venture to sell oil cleanup devices.

In a memorandum filed in the U.S. District Court for the Eastern District of Louisiana, Costner and Patrick Smith, co-owners of WestPac Resources LLC, said Baldwin and co-investor Spyridon Contogouris were well aware that BP had signed a letter of intent with the joint venture when they...
To view the full article, register now.




Case Information

Case Title

Contogouris et al v. WestPac Resources, LLC et al

Case Number



Louisiana Eastern

Nature of Suit



Martin L.C. Feldman

Date Filed

December 22, 2010

Law Firms


UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.