New York - Lawyer Michael Avenatti, who represented adult film star Stormy Daniels in her legal battles against US President Donald Trump, was arrested on Monday and charged with trying to extort more than $20 million from Nike Inc, federal prosecutors said.
New York prosecutors said Avenatti and an unnamed co-conspirator met with Nike's attorneys on March 19 and tried to extort the company into paying them between $15 million and $25 million and an additional $1.5 million to a client of Avenatti's by threatening to make public allegations against the company.
In a March 20 follow-up call with Nike's lawyers, Avenatti said that if his demands were not met, "I'll go take ten billion dollars off your client's market cap ... I'm not fucking around," according to the complaint.
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