Shia LaBeouf Confirmed For Wall Street 2

Shia LaBeouf has confirmed that he is set to star in the sequel to the hit eighties movie Wall Street, with filming due to start in August.

The Transformers actor will star alongside Michael Douglas, who won an Oscar for his performance in the 1987 movie, with Oliver Stone on board to direct the sequel, to be called Money Never Sleeps.

Talking to The Associated Press, LaBeouf says the new flick is a “walk and talk money movie,” but is unsure of the financial jargon.

“I don’t know what… a credit derivative is,” LaBeouf explains. “I have no idea. I don’t know what a CPO is. IPB. LVC. You gotta know ticker names.”

LaBeouf's injury to be added in Transformers 2

Hollywood director Michael Bay has hinted that Shia LaBeouf’s hand injury, sustained after he crashed his vehicle last Sunday morning (July 27), may be written into ‘Transformers: Revenge of the Fallen’.

Talking to Access Hollywood, Bay said, “His fingers are pretty mashed, but we’re figuring out a way to shoot around it, kind of write it in the story.”

LaBeouf was attempting to make a left-hand turn in Hollywood when authorities say another car ran a red light and crashed into the 22-year-old’s vehicle.

The actor was arrested on a misdemeanor DUI, however, Bay says that charge won’t stick.

“You’re gonna see - that’s gonna go away,” he explains. “That’s fresh news… He was not drunk. He was drinking hours and hours before.

“The kid really has his head together… He’s doing a great job on this movie. He’s really matured since the last one and I love working with him.”

Shia LaBeouf Busted on DUI

Shia LaBeouf is in trouble again and this time it's really serious. Sources say he's been arrested for suspicion of DUI.

Law enforcement sources tell us LaBeouf was involved in a car accident at about 3am at the corner of La Brea and Fountain in Hollywood. We're told Shia made a left turn in front of another car and the two collided, causing Shia's car to roll.

Paramedics were called to the scene and both parties were taken to a local hospital, but no major injuries were sustained.

LaBeouf was placed under arrest on suspicion of felony DUI after we're told he exhibited "outward signs" of intoxication at the scene.