NEW YORK: Attorney Michael Avenatti, who represented adult film star Stormy Daniels in her legal battles with US President Donald Trump, was charged on Monday with what prosecutors said was an attempt to"shake down" Nike for more than US$20 million.
Prosecutors said Avenatti and another lawyer, who was not named in court papers, met with Nike's attorneys on Mar 19 and told them they had a client, a former amateur coach, who had evidence Nike employees had bribed top high school players to play for Nike-sponsored college teams. In one call, Avenatti threatened,"I'll go take ten billion dollars off your client's market cap ... I'm not f***ing around," according to the complaint.
Nike said in a statement it"will not be extorted" and alerted investigators to Avenatti's demands immediately.
Entertainment Entertainment Latest News, Entertainment Entertainment Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: The Straits Times - 🏆 8. / 63 Read more »