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Michael Douglas Says Ex-Wife Not Entitled to 'Wall Street' Money

AFI Life Achievement Award Honoring Mike Nichols
38th Annual AFI Life Achievement Award Honoring Mike Nichols.Sony Studios, Culver City, CA. (Bauer Griffin)more pics »Michael Douglas (Bauer Griffin)Michael Douglas’ lawyers hit out at the actor's ex Diandra Douglas after she demanded 40 percent of the money he earned from the upcoming movie Wall Street: Money Never Sleeps. Diandra divorced the 65-year-old star in 2000.

Marilyn B. Chinitz, Michael’s lawyer, told a judge in a New York court: “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.”

After the couple divorced, they agreed a settlement that allowed Diandra to receive a share of the money he made from his movies while they were together, so far earning her $6.3 million. But she claims that she should receive money from Wall Street: Money Never Sleeps because it revives the character Gordon Gecko, who Michael played in 1987.

Diandra’s lawyer Nancy Cemtob believes his former wife of 23 years is entitled to the money because of the agreement he signed.

She said: “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."

Neither Michael, who is now married to actress Catherine Zeta-Jones, or Diandra were present at the court.

The judge has not set a date for a ruling in the case.

Earlier this month Michael was diagnosed with a tumor in his throat and is to undergo eight weeks of chemotherapy and radiotherapy treatment.

More Michael Douglas pictures (click any photo):
  • Michael Douglas in Michael Douglas and Catherine Zeta-Jones at the Cardiff Children's Hospital
  • Michael Douglas in Michael Douglas and Catherine Zeta-Jones in Spain
  • Michael Douglas in JP MCManus Pro-Am
  • Michael Douglas in Michael Douglas and Catherine Zeta-Jones on a Yacht
  • Michael Douglas in Catherine Zeta Jones at the 64th annual Tony Awards
  • Michael Douglas in 64th Annual Tony Awards - Show
  • Michael Douglas in AFI Life Achievement Award Honoring Mike Nichols
  • Michael Douglas in 38th AFI Life Achievement Award Honoring Mike Nichols - After Party


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