Belfast Telegraph

Douglas ex claims over Wall Street

Michael Douglas' ex-wife is claiming she is entitled to half the actor's earnings from the Wall Street sequel.

Lawyers for Diandra Douglas, who divorced Michael in 2000, argued in a New York court over her claim for half his earnings from Wall Street: Money Never Sleeps.

She said their divorce deal gave her rights to share in proceeds from spin-offs from work he did while the couple was married, including the 1987 hit Wall Street.

Michael's lawyers say his ex is misinterpreting the agreement, and it didn't apply to the Wall Street sequel.

They also say the case belongs in California, where the couple divorced.

A judge didn't immediately rule. The Douglases were not in court.

"When does it stop? ... She's not Mrs Michael Douglas" anymore, Michael's lawuer told the Manhattan judge. "It's enough. It's time for Ms Douglas to move on and let Mr Douglas move on and enjoy his life, without having to concern himself with someone trying to claw back moneys that they're not entitled to."

Diandra Douglas' lawyer said her client wasn't money-hungry and wasn't clinging to her ex-husband's coattails.

"She has her own identity, and she's proud of it," said her lawyer. "My client is not greedy. The exact opposite is true. Mr Douglas is seeking to shirk his financial responsibility that was entered into when he signed this contract."

Michael Douglas' side also says the dispute belongs in Santa Barbara, California, where the couple hammered out a divorce agreement so extensive that the particulars are recorded in an hours-long videotape made before a judge, according to his lawyer. Diandra Douglas chose to pursue the case in New York, where she and the actor both have homes.

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