By Jordan Heller
DNAinfo Reporter/Producer
MANHATTAN — "Greed is good," Michael Douglas's character Gordon Gecko said in the 1980s hit "Wall Street." But apparently not when it comes to the actor's ex-wife.
Lawyers for the divorced couple went head-to-head in a Manhattan courtroom Monday over whether or not Michael's ex, Diandra Douglas, is entitled to a portion of the movie star's earnings from the highly-anticipated sequel "Wall Street: Money Never Sleeps," reported the New York Post.
Under the terms of their separation agreement, Diandra is entitled to 50 percent of Michael's continued earnings from the original "Wall Street" and every other movie he made up to their 1995 separation, the paper reported. She has already pocketed $6 million of of her ex's post-divorce movie earnings.
But Nancy Chemtob, Diandra's lawyer, said "Wall Street II" is part of the "Wall Street" franchise, and so Michael's earnings from the new film fall under the separation agreement, reported the Post.
The actor's lawyer, Marilyn Chinitz, reportedly told the civil judge that "it's time for Mrs. Douglas to move on."
Michael doesn't own the copyright on anything related to "Wall Street," said Chinitz, arguing that the matter should be tossed out completely, reported the Post.
"You can't give away something that is not in the contract," she argued, according to the paper.
"When does it stop?" added the lawyer, the Post reported. "Diandra Douglas calls herself Mrs. Douglas, but she's not Mrs. Michael Douglas ... This woman doesn't have the right to continually come back to court and ask for relief that has nothing to do with the separation agreement."
Manhattan Supreme Court Justice Matthew Cooper reserved judgement on both Diandra's request for earnings from "Wall Street II" and Michael Douglas's argument that the matter be thrown out of court, reported the Post.
