One could say that actor Michael Douglas has had a rough year. He successfully battled throat cancer, and all the while he has been fighting off ex-wife Diandra Douglas, who is still apparently angling to cut into his fortune with a new court case. Who knew, 12 years after their divorce, Michael Douglas would find himself at the center of a marital asset and debt division dispute? According to sources, Diandra Douglas claims that pursuant to the 1998 divorce settlement, she is entitled to half of her ex-husband's income from his film, TV and stage work that took place during their marriage. That includes half the income relating to any of those projects. The key phrase here is "relating to." Diandra Douglas says she is entitled to 50 percent of the proceeds from Michael Douglas' 2010 film "Wall Street: Money Never Sleeps" because it is a sequel to the 1987 original, "Wall Street," which was shot while the two were still married. The case, originally filed last year, was dismissed by a State Supreme Court judge last November on the grounds of improper venue. Diandra Douglas reportedly re-filed the case in a different jurisdiction this week. Michael Douglas, who is now married to actress Catherine Zeta-Jones, has already reportedly paid his ex-wife $50 million since their divorce. Theirs may not be a typical divorce dispute, but Diandra Douglas' recent re-filing of the case shows how laborious complicated divorce settlements can be. Dividing assets after the dissolution of a marriage can be quick and easy. But with certain spinoffs and stipulations, or lack thereof, it can also drag on in court. Perhaps others in the same situation will learn from the Douglas dispute that details in the divorce settlement can save time and stress down the road. Source www.businessweek.com: "Michael Douglas ex-wife back in court on 'Wall Street' suit," Karen Freifeld, 12 April 2011
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