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Actor Kevin Costner has won a multi-million dollar case brought against him by fellow Hollywood star Stephen Baldwin.

Stephen Baldwin had accused Kevin Costner of cheating him and his business partner in a deal to sell oil clean-up devices to BP after 2010’s Gulf of Mexico oil spill.

A federal jury in Louisiana deliberated for two hours before rejecting Stephen Baldwin’s claim for more than $17 million in damages.

Later Kevin Costner said he was grateful to have been able to clear his name.

“My name means more to me than money and that’s why we didn’t settle,” said Kevin Costner.

Kevin Costner has won a multi-million dollar case brought against him by fellow Hollywood star Stephen Baldwin

Kevin Costner has won a multi-million dollar case brought against him by fellow Hollywood star Stephen Baldwin

He went on to praise the jury for “doing their best to understand everything” in a difficult case.

Stephen Baldwin, along with his business partner Spyridon Contogouris, claimed they would not have sold their shares in Kevin Costner’s company Ocean Therapy Solutions when they did if they had known BP had put down a deposit on buying equipment worth $52 million.

Stephen Baldwin sold his shares for $1.4 million and Spyridon Contogouris sold his for $500,000 in June 2010.

In court, Stpehen Baldwin said he would have held out for more money if he had known about the potential BP deal.

The $17 million in damages Stephen Baldwin and his business partner were claiming was the amount they estimated they would have made from the fulfilled order.

Kevin Costner and his business partner Scott Smith said Stephen Baldwin and spyridon Contogouris knew BP was preparing to give a deposit but still they decided to sell-up.

Kevin Costner said he never saw Stephen Baldwin contribute anything to their company’s efforts to persuade BP to use the centrifuges.

Stephen Baldwin said no one had asked him to invest any capital or lobby BP but said he used his celebrity to market and promote the centrifuges while he also worked on a documentary about the nation’s worst offshore oil spill.

After the verdict Stephen Baldwin asked his attorney James Cobb to speak on his behalf.

“We’re disappointed. We thought we proved rather convincingly that these two guys, Mr. Costner and Mr. Smith, defrauded us,” said James Cobb.

“The jury saw it a different way but we respect the jury’s verdict.”

In June 2010 BP deployed a few of the oil-separating centrifuges it had ordered from Ocean Therapy Solutions.

The company capped the well in the Gulf of Mexico the following month, and it was permanently sealed in September 2010.

 

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Kevin Costner says he was still writing the memorial speech he delivered Whitney Houston’s funeral an hour before his The Bodyguard co-star was laid to rest in her native New Jersey.

Kevin Costner, 57, shunned all requests to comment on Whitney Houston’s passing following her sudden death in February, because he didn’t feel the time or the “forum” was right to open up about his close friendship with her.

But he ultimately mustered up the courage to put his feelings into words for the tragic superstar’s funeral service after her cousin Dionne Warwick called in a favor.

Kevin Costner says he was still writing the memorial speech he delivered Whitney Houston's funeral an hour before she was laid to rest in her native New Jersey

Kevin Costner says he was still writing the memorial speech he delivered Whitney Houston's funeral an hour before she was laid to rest in her native New Jersey

Kevin Costner has opened up about his struggles to find the right words for the emotional speech, admitting he was forced to pull over on his way to the ceremony to wrap up his tribute at a local park.

The actor told People magazine: “I was nervous. I wrote it up to the last hour before going into church. I didn’t realize so many people felt the need to hear from me. I had to think long and hard about what I wanted to say.

“My wife [Christine Baumgartner] and I pulled off to the side of the road and went to a park to finish it.”