Michael Douglas' ex-wife sues, again
Unfortunately for Michael Douglas, not only did Wall Street 2: Money Never Sleeps fail to impress movie-goers, but it also had him back in court with his ex-wife - 10 years after she received
Unfortunately for Michael Douglas, not only did Wall Street 2: Money Never Sleeps fail to impress movie-goers, but it also had him back in court with his ex-wife - 10 years after she received $45 million in the couple's divorce settlement.
According to Above the Law, in a rather ironic set of circumstances, the man who played Gordon Gekko and coined the term "greed is good" was dragged back into court by his ex-wife Diandra Douglas who claimed 50 per cent of his earnings from the movie.
The suit was launched in a New York Supreme Court, however Judge Matthew Cooper dismissed her complaint on the basis that the New York court was not the proper venue.
Diandra's argument was based on the meaning of whether Wall Street 2 is a spinoff or a sequel of the original Wall Street.
"Under the terms of their 2000 divorce, Diandra Douglas is entitled to half of his future earnings for work he did while they were married, including spinoffs, and that includes the Wall Street sequel," Diandra's lawyer said in the Manhattan Supreme Court hearing. "It's the same character, the same title, just years later."
Not surprisingly, Michael's lawyer argued that a sequel is not the same thing as a spinoff.