The pair had an acrimonious divorce back in 2000. Michael Douglas was accused of being a sex addict who was unfaithful and Diandra Douglas pocketed a reported $45 million. She also got a home in Montecito, California that she currently has listed for $29 million.
There was a clause in their divorce that said that she was entitled to profits from spin-offs from his existing projects. Is "Wall Street 2" a spin-off or a sequel? Diandra Douglas's suit says that the movie qualifies as a spin-off because it is the same character. At a hearing last week the judge said he thought that there was a difference between sequels and spin-offs but wouldn't make a decision until he decided whether or not the case should be heard in New York or California.
The pair were reunited back in April at the trial of their son, Cameron. The Post reports that in a letter to the judge Michael Douglas asking for leniency for his son he described his ex as "a young mother without any parenting skills handed down from her own parents."
Gallery: Diandra Douglas in Montecito