Douglas’ Ex-wife To Appeal Wall Street Cash Bid

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November 16, 2010 | 7:40am EST

Michael Douglas’ ex-wife is planning an appeal after a New York judge ruled she is not entitled to 50 per cent of the star’s profits from the Wall Street sequel.
Diandra Douglas, who split from the actor in 2000, took legal action against her former spouse over the summer seeking a share of his pay cheque from his movie Wall Street: Money Never Sleeps.

She claimed her divorce deal entitled her to half her ex-husband’s salary from projects he worked on during their marriage, and any possible “spin-offs” of his previous films, including the original 1987 Wall Street.

The case was dismissed at Manhattan’s Supreme Court on Monday after Judge Matthew Cooper ruled the Big Apple was not the right jurisdiction to hear the case.

But Diandra Douglas is not dropping her fight – she’s set to lodge an appeal, according to her legal team.

Lawyer Nancy Chemtob tells the New York Post, “We respectfully disagree with the decision, and intend to appeal. Both parties are residents of New York, and the case should be decided here.”