Michael Douglas’s ex-wife wants share of his “Wall Street 2″ millions

June 29th, 2010 - 5:34 pm ICT by ANI  

New York, June 29 (ANI): Actor Michael Douglas’ ex-wife has filed a lawsuit claiming that she is entitled to receive a share of the millions he is making from his upcoming film “Wall Street: Money Never Sleeps”.

Diandra Douglas had filed the suit earlier this month, and in it she claims that she should receive 50 percent of the up-front money and royalties from the movie because she got the same deal on the original “Wall Street”.

The divorce deal between her and Douglas, 65, says that she gets half of any money he makes from any movie, including residuals, merchandising and ancillary rights, during their two decades as husband and wife.

The deal includes the original “Wall Street”, a 1987 classic that earned Douglas an Oscar for his portrayal of cutthroat moneyman Gordon Gekko, whose famous line was “Greed, for lack of a better word, is good”.

Diandra’s lawyer, Nancy Chemtob, said the divorce agreement contained a clause that said her client is entitled to money from any “spinoffs” of Douglas’ movies, and that includes “Wall Street 2″.

“It’s the same character, the same title, just years later,” the New York Post quoted Chemtob as telling Manhattan Supreme Court Justice Matthew Cooper.

But Douglas, 65, is adamant that Diandra, 52, should not get a penny more and says that the money from the sequel is his.

“He doesn’t want her to be an albatross around his neck forever,” his lawyer, Marilyn Chinitz, told the judge last week.

Chinitz further said that the lawsuit should be dismissed, as firstly it should be heard in California, where the couple divorced in 2000, and secondly because it is a sequel and not spinoff.

Justice Cooper indicated that he understood there was a difference between a spinoff and a sequel, but he withheld passing any judgement, as he needed to decide whether to keep the case or send it to Santa Barbara.

Chemtob told the judge she filed the suit in New York because this is where both Douglases are currently living, and said there’s no agreement that says the case can be heard only in California. (ANI)

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