MIAMI (CBS4) â€• Dwyane Wade on the stand in a Miami courtroom on May 19th, 2010. Wade is being sued by his former business partners for $25 million for breach of contract in a failed restaurant deal.
Miami Heat star Dwyane Wade will be back on the stand Monday in a trial involving a failed restaurant deal.
His former business partners claim Wade broke contract clauses in a deal for a chain of sports themed restaurants that would bear his name. They’re suing him for $25 million.
Wade claims he had a reason and a right to pull out of the deal.
On the stand Friday, Wade was questioned about the venture began and his knowledge of the contract. After the day’s proceedings came to a close, Wade said he felt at ease on the stand.
“It’s just the beginning. I’m comfortable in front of the cameras and I’m comfortable in front of people, so it’s nothing new,” said Wade.
Wade’s attorney, Michael Kreitzer, plans to argue that the former business partners made deals amongst each other without Wade’s knowledge, tried to reduce his stake in the enterprise and damaged the player’s brand by abusing his name and likeness.
Wade is involved in a number of other legal matters this offseason, notably a divorce and custody fight in Chicago, and has said that the courtroom dealings are his priority — not his upcoming status as a free agent who will be courted by several NBA clubs starting July 1. He has repeatedly said he would like to remain with the Heat, provided that the team is able to upgrade its roster and reach a championship-contending level again.
Source: CBS 4 Miami