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OTRC: Michael Douglas 'Wall Street' sequel lawsuit brought by ex-wife dismissed

Pictured: Michael Douglas appears in a scene from the 2010 movie 'Wall Street: Money Never Sleeps.' (20th Century Fox)

Michael Douglas will get to keep his paycheck from "Wall Street: Money Never Sleeps" for now after a New York City judge dismissed his ex-wife Diandra Douglas' lawsuit against the actor on Monday.

In August Diandra Douglas filed a lawsuit which claimed she was entitled to 50 percent of his earnings from the "Wall Street" sequel because of their divorce agreement in 2000. According to her attorney, Nancy Chemtob, the agreement gives the former Mrs. Douglas rights to share in the proceeds from spin-offs and projects related to the work the actor did while they were married.

The couple's 23-year union ended in a multi-million dollar divorce settlement. Diandra Douglas has made $6.3 million since their divorce from her stake in his residual proceeds from other projects, according to The Associated Press. The actor later married Catherine Zeta-Jones in Nov. 18, 2000.

However, Michael Douglas' fight against his ex-wife might not be over. According to the wire service, the case was dismissed because the couple's divorce agreement was made in Santa Barbara, California. "After balancing all competing interests and factors, the California court is the more convenient forum for this matter to be tried," the presiding judge, state Supreme Court Justice Matthew F. Cooper, wrote.

Michael Douglas was reportedly "very happy" with the ruling, according to the Associated Press.

The former couple has appeared in court together recently for their son's drug possession trial. Cameron Douglas was sentenced to five years in prison on April 20.

During a May interview with The Today Show, Douglas talked about his son's troubles saying, "I've taken blame about being a bad father." He added, "as far as his mother [Diandra] was concerned, she was a very young mother when she had Cameron, and her skills were limited to such an extent."

The actor revealed August he was battling throat cancer and recently finished six weeks of chemotherapy treatments. "He continues to improve," Douglas' publicist Allen Burry said.

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