CLAYTON, Mo. (CN) – St. Louis Rams’ cornerback Jonathan Wade wrote a bad check and defaulted on a promissory note, a company claims in St. Louis County Court. AllStar Capital claims Wade and the St. Louis Rams Partnership owe $78,000 for the note.
AllStar says Wade wrote it a check on July 15, but it was returned for insufficient funds. AllStar claims that Wade, when signing for the note, granted AllStar a security interest in all of Wade’s rights to receive payments under his NFL Player Contract, meaning AllStar could collect directly from the Rams if Wade defaulted.
AllStar is represented by Stephen Beimdiek of St. Louis.
Wade has appeared in 21 games and started one since the Rams drafted him in 2007.