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Dwyane Wade’s Ex-Wife Drops $1 Million Lawsuit

Posted by Jeremy Resnick | Jan 21, 2014 | 0 Comments

After suing Miami Heat superstar guard Dwyane Wade for at least $1 million, the ex-wife voluntarily dropped the suit over endorsements. Per the Chicago Sun-Times: “Siohvaughn Funches-Wade claimed in a lawsuit filed just Tuesday that proceeds from the Miami Heat star's endorsement deals are not being fully deposited into a joint account as required in a 2008 agreement after their divorce, according to a suit filed in Cook County Circuit Court. On Thursday, Funches-Wade ‘voluntarily dismissed' the suit, according to court documents. The agreement had previously been thrown out in domestic court during the couple's bitter custody battle, but was restored after Funches-Wade appealed the decision, the suit claimed. The agreement required Wade to pay half of the income from his 2006 NBA contract and all endorsement money into the account. The suit claimed Funches-Wade has been unable to pay her mortgage, or home and auto insurance because of funds withheld from Wade's endorsement deals with T-Mobile, Staples, Gatorade and Li Ning, a Chinese sporting goods company.”

About the Author

Jeremy Resnick

Attorney Damien Aranguren is a native Floridian and was raised in Osceola County. Damien graduated with his undergraduate degree from the University of Central Florida in 2004. He received his Juris Doctor degree from Stetson University College of Law in 2008  before being hired as an Assistant A...

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