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Ex-Wife of Michael Douglas Seeks Half of His Earnings from ‘Wall Street 2’

Posted Jun 29, 2010 3:15 PM CDT
By Martha Neil

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Is a sequel the same thing as a spinoff? That appears to be a central question in a looming legal battle by the ex-wife of actor Michael Douglas for half of the money he will make for his work on a sequel to the Wall Street movie directed by Oliver Stone that is set to open in September.

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, Nancy Chemtob, told a Manhattan Supreme Court judge in a hearing last week. "It's the same character, the same title, just years later."

His lawyer, Marilyn Chinitz, says a sequel is not the same thing as a spinoff, reports the New York Post.

The parties are arguing about whether the case should be heard in New York, where both now live, or in California, where their divorce took place.

Related coverage:

ABAJournal.com: "Greedy Gordon Gekko to Make a Comeback in ‘Wall Street 2’"

ABAJournal.com: "Oliver Stone Got Insights from Eliot Spitzer for Latest Wall Street Film"

New York Post: "Douglas eyes escape from NY in new ex war"

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