Michael Douglas Wins Lawsuit Against Ex Wife for 'Wall Street' Sequel Earnings

A judge dismisses Diandra's claim that she's entitled to half of the money he made from the film, which raked in more than $51 million at the box office

NEW YORK - A Manhattan court on Monday threw out a bid by Michael Douglas' ex-wife Diandra to get half of the money he is earning from reprising the role of Gordon Gekko in Wall Street: Money Never Sleeps, the New York Post reported.

Manhattan Supreme Court judge Matthew Cooper ruled that a New York court was not the proper venue for the suit without ruling on the merits of the case.

"He's thrilled," Douglas' lawyer, Marilyn Chinitz, told the Post about the star's reaction to the judge's decision. "This action should have never been brought in the first place." She added that Douglas "sounded great" when she called him about the news.

His ex-wife had sued, claiming that their 2000 divorce settlement entitled her to 50 percent of any money he receives from movies that he did during their two decades of marriage or related spinoffs.

Douglas' lawyer had argued that the new Wall Street movie was a sequel and not a spinoff.

Diandra Douglas can now re-launch the lawsuit in California, where the couple divorced, or appeal Cooper's decision. Her lawyer, Nancy Chemtob, said: "We respectfully disagree with the decision, and intend to appeal. Both parties are residents of New York, and the case should be decided here."

The Wall Street sequel made nearly $52 million at the box office.