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Cashing in 10 years after divorce
Posted: Aug 24, 2010 11:10 AM by Bea Karnes, News First 5
Updated: Aug 24, 2010 11:11 AM
Michael Douglas' starring role in a sequel to Wall Street has gotten him an unwanted part in a legal sequel to his 2000 divorce.
Lawyers for the Academy Award-winning actor and for ex-wife Diandra Douglas argued Tuesday in a New York court over her claim that she's entitled to half his earnings from Wall Street: Money Never Sleeps. It's set to open Sept. 24.
She says their divorce deal gives her rights to share in proceeds from spinoffs from work he did while the couple was married, including the 1987 hit Wall Street. Michael Douglas' lawyers say his ex is misinterpreting the agreement.
They also say the case belongs in California, where the couple divorced. A judge didn't immediately rule.
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