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Greek-American Sues Kevin Costner for $10M over Oil Spill Technology

Greek-American businessman Spyridon Contogouris is asking a $ 10 million compensation from Hollywood star Kevin Costner, claiming that the movie icon deceived him and persuaded him to sell company shares before a lucrative deal.

Contogouris had a 28 percent share in Costner’s company that had developed an oil filtration device. The machine called “Ocean Therapy” was used to clean up the oil spill from the Gulf of Mexico last year.

The Greek-American businessman told Greek newspaper Espresso that Costner allegedly misled him into giving up his company shares, just one day before Costner signed an agreement with BP, amounting 50 million dollar. BP was responsible for the oil spill.

On the same issue Kevin Costner is at odds with actor Stephen Baldwin as well. Bizjournals reported that Contogouris and Baldwin filed a common law suit against Costner. Contogouris had 28% stakes and Baldwin 10% in the company.

UPI reports that Contogouris and Baldwin sold their shares after being told that BP had not placed an order for the device the suit alleges. However BP did in fact leased it.

Costner’s lawyers claimed that he played no role in the construction of the Ocean Therapy, however he personally had admitted he came up with the idea while filming the “Warerworld” 17 years ago, the Greek newspaper reported., Espresso

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