Michael Douglas` ex-wife files lawsuit for `Wall Street 2`

Updated: Jun 29, 2010, 15:36 PM IST

London: Michael Douglas` ex-wife Diandra has filed a lawsuit against the actor claiming she is entitled to half the money that he earned from `Wall Street: Money Never Sleeps`, a sequel to 1987 film `Wall Street`.

Diandra claims that her divorce deal with the 65-year-old star gives her the right to the half of any money that the actor gets from his movies, including any `spinoffs` of his previous films, a news daily reported.

This includes Oliver Stone`s upcoming Wall Street: Money Never Sleeps, in which Douglas reprises his role as greedy Gordon Gekko, according to Diandra`s lawyer Nancy Chemtob.

Douglas, who is now married to actress Catherine Zeta-Jones, is said to be furious with Diandra`s latest claims.

"It`s the same character, the same title, just years later," Chemtob told Manhattan Supreme Court Justice Matthew Cooper last week.

However, Douglas` lawyer Marilyn Chinitz says the new film is a `sequel`, not a `spinoff`, and Diandra is not entitled to any of Douglas` proceeds from the film.

"They`re not the same thing," adding that Douglas, whose divorce from Diandra saw her receive a payout of approximately USD 45 million, is not happy about the new lawsuit.

"He doesn`t want her to be an albatross around his neck forever," Chinitz said asking Justice Cooper that the case should be dismissed because it should have been filed in Santa Barbara, California, where the former couple divorced, and because it has no merit.

But Chemtob told the judge that she filed the suit in New York as it is where both parties currently live. She also said there is nothing that suggests the case can only be heard in California.

At a recent hearing, Justice Cooper told the lawyers that he hasn`t decided the result of the case and won`t until he decides whether it should go ahead in New York, or be sent back to Santa Barbara.