Michael Douglas’s ex-wife has lost a bid to cash in on the actor’s earnings from his recent Wall Street follow-up, with a judge saying her case is too much of a Hollywood divorce to set a sequel in a New York court.
A Manhattan judge dismissed Diandra Douglas’s lawsuit against the Academy Award-winning actor.
The judge said the dispute does not belong in a New York court because the former couple’s complex, multimillion-dollar divorce agreement was hashed out in Santa Barbara, California.
“After balancing all competing interests and factors, the California court is the more convenient forum for this matter to be tried,” state Supreme Court Justice Matthew F Cooper wrote.
Michael Douglas was “very happy” with the New York lawsuit ruling, his lawyer Marilyn B Chinitz said. While it stuck to the question of where the case belongs, not who should win, Ms Chinitz said she was confident the actor would prevail if his ex pursued it further. The couple divorced in 2000 after 23 years together.
Diandra Douglas’s lawyer said she planned to appeal.
Mrs Douglas’s camp has said she should get half the actor’s earnings from this year’s Wall Street: Money Never Sleeps because their divorce deal gives her a share of proceeds from projects related to work he did when they were married, such as the original Wall Street.
The first Wall Street film, which was directed by Oliver Stone and co-starred Charlie Sheen and Daryl Hannah, was released in 1987. Douglas reprised his Oscar-winning role as no-holds-barred financier Gordon Gekko, who famously declared “greed is good” in Wall Street: Money Never Sleeps. The sequel, released in September, has grossed more than 100 million dollars worldwide.
