Friday, July 26, 2013
Dwyane Wade and Ex-Wife Settle Financial Matters, Finally Resolve Divorce
The long, highly publicized legal battle between Dwyane Wade
and his ex-wife, Siohvaughn Funches, is finally over. Earlier this month, the
all-star Miami Heat guard reached an agreement with his ex-wife that will
settle their dispute over the distribution
of marital assets. This settlement ends a divorce case
that was initiated in 2007.
According to terms of the agreement, Wade will pay his
ex-wife $5 million and surrender rights to their Chicago mansion and four cars.
In addition, the two signed a non-disparage agreement which prohibits them from
publicly attacking the reputation of each other.
Other issues had been settled several years ago. In 2011,
Wade was granted sole child custody of their two sons. The divorce proceeding was
extremely acrimonious. Funches had recently filed a lawsuit against Wade for
failure to pay income from endorsement contracts signed in 2008, one year after
the couple filed for divorce. The court dismissed the case, causing Funches to
protest outside of Chicago’s Daley Center.
With this financial settlement, Funches should be able to
maintain a comfortable lifestyle for the rest of her life. But most
importantly, both parties can now move on and put this ordeal behind them.
posted by Andrew @ 2:32 PM
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