UPDATE 1-U.S. says Michael Avenatti shook down Nike, defense disagrees as extortion trial nears end [Reuters]
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Source: Reuters
U.S. says Michael Avenatti shook down Nike, defense disagrees as extortion trial nears end NEW YORK (Reuters) - Michael Avenatti’s extortion trial neared its end on Tuesday as a federal prosecutor said the celebrity lawyer had an “agenda” to shake down Nike Inc by threatening to tar it with corruption allegations, while the defense said Avenatti was simply representing his client aggressively. Prosecutors have charged Avenatti with threatening to hold a press conference to discuss Nike’s alleged payments to families of college basketball recruits, unless the apparel company paid him and another lawyer $15 million to $25 million for an internal probe and his whistleblowing client $1.5 million. Avenatti was also accused of defrauding his client Gary Franklin, the coach of California Supreme, once part of a Nike-sponsored basketball league. He testified he did not seek a probe, preferring a quieter settlement in which Nike would fire executives behind the payments. Avenatti, 48, became f
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