The Holiday White Elephant Sale

Come and see what your neighbors have to offer just in time for the Holidays!

Pembroke Pines school’s effort: holiday gifts to needy families

The Pembroke Pines Charter School East Campus’ Project HALO has nothing to do with Xbox games.

Annual Hispanic festival in Pembroke Pines expands

An annual Hispanic festival in Pembroke Pines has doubled the amount of time it runs and moved to a bigger venue.

Join the world record salsa dance in Pembroke Pines

Whether it’s the mambo, the cha cha cha or the rumba, Latin dance music lovers will be out in droves in Pembroke Pines next week attempting to set a new world record.

Black Friday Deals 2010 & Store Hours: Where You Can Find The Biggest Savings

While the economy and unemployment levels have remained disheartening for most of the year, retailers are hoping low prices and special offers can lure cautious consumers into their stores

Mark Cuban, Dallas Mavericks Owner, Mocks Miami Heat’s Record

In a Monday interview on ESPN Radio Dallas with Ben and Skin, Dallas Mavericks owner Mark Cuban was asked what he thinks about the slow start of the Miami Heat.

Feds Move To Ban Alcoholic Energy Drinks

A New York senator says federal regulators are expected to move to ban caffeinated alcoholic drinks as soon as this week.

Prince William, Kate Middleton ENGAGED: Royal Wedding Next Year

The college romance that seemed to wilt under the pressure of adulthood and the glare of the paparazzi has blossomed at last

Michael Douglas’ Ex-Wife Diandra Loses Court Battle For ‘Wall Street’ Earnings

Your request is being processed…

Michael Douglas’ Ex-Wife Diandra Loses Court Battle For ‘Wall Street’ Earnings

JENNIFER PELTZ | 11/16/10 05:56 AM | AP
What’s Your Reaction?
digg
facebook Twitter stumble reddit del.ico.us
Inspiring
Funny
Hot
Scary
Outrageous
Amazing
Weird
Crazy
Read More: Diandra Douglas, Diandra Douglas Lawsuit, Diandra Douglas Wall Street, Michael Douglas, Michael Douglas Ex-Wife, Michael Douglas Wall Street Lawsuit, Ny News, Entertainment News
5
3views
192
Diandra Douglas
Get Entertainment Alerts

*
Email
*
Comments 190

NEW YORK — Michael Douglas’ ex-wife has lost a bid to cash in on his 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’ lawsuit against the Academy Award-winning actor in a ruling made public Monday. The judge said the dispute doesn’t belong in a New York court because the former couple’s complex, multimillion-dollar divorce agreement was hashed out in Santa Barbara, Calif.

“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 Monday. While it stuck to the question of where the case belongs, not who should win, Chinitz said she was confident the actor would prevail if his ex pursues it further. The couple divorced in 2000 after 23 years together.

Diandra Douglas’ lawyer said she plans to appeal. Both Douglases have homes in New York, and “the case should be decided here,” said the lawyer, Nancy Chemtob.

Diandra Douglas’ 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.”

“Mr. Douglas is seeking to shirk his financial responsibility that was entered into when he signed this contract,” Chemtob said at an August hearing.

The first “Wall Street” film, which was directed by Oliver Stone and co-starred Charlie Sheen and Daryl Hannah, was released in 1987. Michael 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 worldwide.

Michael Douglas’ lawyer said that the actor’s ex was misinterpreting the divorce agreement and that it didn’t apply to the “Wall Street” sequel, which wasn’t on the horizon when the two split.
Story continues below
Advertisement

“When does it stop? … She’s not Mrs. Michael Douglas” anymore, Chinitz said at the August hearing.

Indeed, the current Mrs. Michael Douglas is Oscar-winning actress Catherine Zeta-Jones, whose movies include “The Mask of Zorro” and “Chicago.” She and Douglas appeared in “Traffic.”

Michael and Diandra Douglas’ divorce pact specified that future money disputes would be resolved in California – and that’s where courts are best equipped to handle it, the judge wrote in his decision, first reported by the New York Post.

“The ultimate determination of much of the case may very well involve the interpretation and application of the term ‘spin-offs’ – a term of art most closely associated with Hollywood’s film and television industry,” he noted.

The former couple’s marriage was put under an uncomfortable spotlight earlier this year, when son Cameron Douglas faced sentencing after pleading guilty to a federal drug charge for dealing methamphetamine from a trendy Manhattan hotel. In a letter to his son’s judge, Michael Douglas described the union as a “bad marriage.”

Both parents were in court when Cameron Douglas, 31, was sentenced in April to five years in prison.

Michael Douglas, 66, revealed in August that he was fighting throat cancer. The star of movies including “Romancing the Stone,” “Basic Instinct” and “Fatal Attraction” finished his treatments last month and is recuperating, publicist Allen Burry said.

“It’s a long haul,” Burry said Monday. “He continues to improve.”
Get HuffPost Entertainment On Twitter and Facebook! Know something we don’t? E-mail us at entertainment@huffingtonpost.com

Billions can be saved in defense budget: McCain

Senator John McCain, the top Republican on the Senate Armed Services Committee, said billions of dollars could be saved from the defense budget by cutting lawmakers’ pet projects, known as earmarks, and fixing troubled arms programs.