New York (CNN)Michael Avenatti tried to shake down athletic apparel giant Nike for millions of dollars, prosecutors will argue in a trial starting Monday in New York Federal Court. The attorney is on trial for allegedly threatening to publicly accuse Nike employees of improper and illegal conduct unless the company paid his client $1.5 million and agreed to pay $15 to $25 million for an “internal investigation” of the allegations. In March 2019, a coach at an amateur basketball program Nike was no longer planning to sponsor, contacted Avenatti and said he had evidence the company illicitly paid the families of top high school basketball players. Michael Avenatti has been kept in solitary confinement for ‘his own safety,’ prison warden says Avenatti threatened to make the allegations public, hurting Nike’s financial value and reputation, prosecutors claim. “I’ll go take $10 billion off your client’s market cap,” Avenatti is quoted as threatening in a recorded telephone conversation. “I’m not (expletive) around with this thing anymore.” Read More In exchange for not going public Nike would have to pay the coach $1.5 million for any claims related to no longer sponsoring his team, immediately pay $12 million and guarantee $15 to $25… Read full this story
- California attorney Michael Avenatti pleads not guilty in NY
- Michael Avenatti pleads not guilty to trying to extort up to $25million from Nike by threatening to publicize claims sportswear giant made improper payments to college athletes
- California Bar: Michael Avenatti Stole From Client Using ‘Deceit, Dishonesty And Lies’
- Michael Avenatti pleads not guilty to new Nike extortion indictment
- Afternoon Mirror: Michael Avenatti Goes After Vanity Fair Reporter And Fancies Himself A Journalism Expert
- Avenatti denounces state bar hearing as ‘complete joke’
- Avenatti denounces state bar hearing as 'complete joke'
- Comedian Kevin Hart Sued $60 Million by Woman Claiming He Recorded Sex Tape With Her as Promo Stunt
- 'Learn some history!' Mayor of Salem slams Trump for comparing impeachment to the Witch Trials as president gives himself 'good marks' for rambling six-page letter to Pelosi after his lawyers were 'ordered out while he penned the draft'
- Roundup suit lawyer accused of $200 million extortion plot
Michael Avenatti heads to trial for allegedly trying to extort millions of dollars from Nike have 346 words, post on edition.cnn.com at January 27, 2020. This is cached page on VietMaz. If you want remove this page, please contact us.