15 June 2012 6:19 AM, PDT | TVGuide - Breaking News | See recent TVGuide - Breaking News news »

A federal jury has dismissed Stephen Baldwin's lawsuit against Kevin Costner, The Associated Press reports.

In December 2010, Baldwin and his friend Spyridon Contogouris filed a lawsuit in a Louisiana court over securities fraud and misrepresentation, claiming that the Dances with Wolves star tricked him into selling shares of a company that has technology to separate oil from water. Baldwin said that Costner and his business partners made a lucrative deal with Bp for his oil-filtration system and then bought out Baldwin's shares while keeping them in the dark about the sale to Bp. Baldwin and Contogouris were seeking $17 million. 

The jury deliberated for two hours Thursday before siding with Costner.

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- Robyn Ross

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