Dwyane Wade Settles Lawsuit With Miami Business Partners

Debora RubiContributor IJune 2, 2010

NEW YORK - MAY 04:  NBA athlete Dwyane Wade attends the premiere of 'Just Wright' at Ziegfeld Theatre on May 4, 2010 in New York City.  (Photo by Stephen Lovekin/Getty Images)
Stephen Lovekin/Getty Images

Aside from his bitter divorce case, Dwyane Wade dealt with an ongoing trial against two of his business partners in Miami.

Yesterday, Wade settled a case against two business partners seeking $25 million for a restaurant chain that never got started. The pair, Mark Rodberg and Lauren Hollander, wanted to create a chain of sports-themed restaurants bearing Wade’s name.

They also accused Wade of not following through on a deal to license his name to two charter schools.

The participating parties did not say what the final settlement was, but they posed for pictures and smiled as they exited the courtroom.

Wade gave a statement as he exited the courtroom saying it seemed to his benefit to close out the case rather than continue battling in court.

Wade stated that he wanted to hurry closing out the court case to focus on his children during the summer.

It’s easy to also see why Wade closed out his accounts, because of his possible move to another location during free agency.

A libel case filed by Richard von Houtman was not part of the settlement and a final decision in the case is still pending.

Wade’s widely publicized custody trial with his estranged wife Siouvaghn Wade will take place on July 17.

It’s doubtful that the outcome of the libel suit will go against Wade. It is even less likely that the result will bear any importance on Wade’s final offseason decision.

The result of the custody trial, however, will probably strongly influence Wade’s decision whether to stay in Miami or move on to another team.

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