According to reports, both Baldwin and Contogouris sold their shares on 11 June 2010, only to find out a month later that the deal with BP had been signed on 12 June 2010. Speaking to The Los Angeles Times, Mr Baldwin said: “Mr Costner represented something one way when the facts were different. Myself and my partner are only seeking what is legitimately owed to us.”
Costner, who famously invested in the technology in the wake of the Exxon Valdez catastrophe, says Baldwin’s case is without merit and has requested all legal action be dismissed. He has added that “although he acted as a front man for the devices, he played no official role in the company responsible for distributing them.”
With the legal battle set to go to court, it looks like Costner and Baldwin are set to go head-to-head over Ocean Therapy Solution’s profits over the oil separating technology. As for how it performed in the Gulf? According to BP, the devices were “hardly used” during clean-up operations and have since been dismantled.