- Toronto Mayor Rob Ford flubs daylight saving time advice: ‘Turn your clocks back’
- Americans don’t support sending U.S. troops to Ukraine
- Florida lawmakers move to wipe corrupt ‘Boss Hogg’ town from map
- N.C. math whiz to unveil secret of March Madness picks
- An appealing offer: Chiquita merges with Fyffes to make world’s largest banana firm
- Amnesty International says Syria guilty of war crimes for food blockade
- Mitch McConnell on beating tea party: ‘We are going to crush them’
- Adam Lanza’s dad: He would’ve killed me ‘in a heartbeat’
- North Korea holds election: 100% turnout, Kim Jong-un gets — 100% of vote
- Gentlemen, start your drones: Judge’s ruling opens door for commercial use
Jury sides with Costner in BP spill lawsuit
NEW ORLEANS (AP) - A federal jury late Thursday rejected claims that Kevin Costner and his business partner duped fellow actor Stephen Baldwin and a friend out of millions of dollars from a BP contract for using oil cleanup devices in the aftermath of the 2010 Gulf of Mexico spill.
The panel deliberated for less than two hours before delivering the verdict in the lawsuit brought by Baldwin and his friend, Spyridon Contogouris Their lawyer had asked the eight-member jury to award the plaintiffs more than $17 million in damages.
The jury gave them nothing.
Costner, who smiled and shook his attorney’s hand after the verdict, said he was grateful for the opportunity to clear his name.
“My name means more to me than money and that’s why we didn’t settle,” he said shortly after the verdict.
Costner also praised the jury for “doing their best to understand everything” in a complex case.
“They were really smart, and it was my good luck that they saw the truth of the story,” he said.
Contogouris and Baldwin sold their shares in Ocean Therapy Solutions for $1.4 million and $500,000, respectively. Baldwin testified he would have held out for much more if he had known BP had committed to ordering 32 oil-separating centrifuges.
They were trying to collect $17 million in damages because they estimate it’s how much they would have received if they hadn’t sold their shares in the company that marketed the centrifuges to BP before the oil giant made an $18 million deposit on a $52 million order.
Attorneys for Costner and Smith said Baldwin and Contogouris knew that BP was preparing to order the centrifuges when they sold their shares and walked away from the company rather than gamble for a more lucrative payout if BP signed a binding contract. At the time they sold their shares, BP only had signed a non-binding letter of intent, the defendants’ attorneys said.
“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.”
Cobb also questioned whether celebrity was a factor in the outcome “because I believe we proved our case and because the bigger celebrity won.”
Earlier Thursday, during the trial’s closing arguments, Cobb told jurors they probably see the case as a “bunch of rich people fighting over money I’ll never, ever see.” Cobb, however, said his clients deserved to be compensated for being lied to by Costner and business partner Patrick Smith and defrauded out of their fair share of the BP money.
“I had no idea the spider’s web of deception could be so pervasive and so hard to unravel,” Cobb said.
TWT Video Picks
Taxpayers must pay the freight for over-budget train projects
- Kim Jong-un calls for execution of 33 Christians
- Rand Paul wins 2014 CPAC straw poll, Ted Cruz finishes a distant second
- Senate Democrats, Republicans spar over restoring unemployment benefits
- Russia besieges Crimea as U.S. seeks diplomacy; Putin remains undeterred by Obama's sanctions
- Investigators puzzle: How does a 777 jetliner just disappear into thin air?
- As Crimea falls, Obama takes Key Largo golf vacation, Biden hits Virgin Islands
- CURL: Today's GOP really is Reagan's 'Big Tent' party
- SAUERBREY: Taxing Marylanders until they flee
- Adam Lanza's dad: He would've killed me 'in a heartbeat'
- Mitch McConnell on beating tea party: 'We are going to crush them'
Pope Francis meets his 'mini-me'
Celebrity deaths in 2014
Winter storm hits states — again