Nike Scandal?

[Zelda Zonk]

Didn't this just happen, with the National Enquirer with 'damaging information,' versus Jeff Bezos?

 

[Ryand877]

This guy.

Mom, the meatloaf!!

 

[jgeorge322]

Doesnt mean nike isnt dirty or avenatti doesnt have dirt on it. Remember, at the end of the day, pitino did screw the lady on the restaurant table.

 

[RandygoCuse]

. Remember, at the end of the day, pitino did screw the lady on the restaurant table.

When faced with difficult situations in life, I find it's always useful to keep this in mind.

 

[Bayside44]

This SDNY press conference is comedy. Talk about a guy who had his 15 minutes.

 

[JOC44]

The good news is that Avenatti's client apparently was a California-based AAU coach. Since we've basically given up on recruiting California, we're probably not involved in this.

As an aside, lawyers who spend all their time trying to get on TV usually aren't very good lawyers.

 

[GonzoInMD]

It'd be really funny if he ends up in the same federal prison as Michael Cohen.

 

[Alsacs]

Holy Chit Avenatti’s co-conspirator is Super lawyer Mark Geragos.

Wow both of them charged.

 

[Alsacs]

 

[Zelda Zonk]

Seriously, what’s the difference between:
• a settlement
• catch and kill
• extortion

In all three instances, Party 1 has information that could damage Party 2, and Party 2 pays Party 1 to not use/divulge that information.

If Avenatti’s “client” can justify a claim of damage to him/her/themself, doesn’t he have the right to represent them at whatever fee they both deem appropriate? If Avenatti and his client came by the information legally, where’s the crime?

 

[Alsacs]

Seriously, what’s the difference between:
• a settlement
• catch and kill
• extortion

In all three instances, Party 1 has information that could damage Party 2, and Party 2 pays Party 1 to not use/divulge that information.

If Avenatti’s “client” can justify a claim of damage to him/her/themself, doesn’t he have the right to represent them at whatever fee they both deem appropriate? If Avenatti and his client came by the information legally, where’s the crime?

SDNY doesn’t charge Avenatti if he wasn’t trying to extort Nike.
Avenatti could have filed the lawsuit and settled.
Nike gets sued a ton every day.

 

[ebucklewis]

Holy Chit Avenatti’s co-conspirator is CNN legal analyst Mark Geragos.

Wow both of them charged.

FIFY

 

[OrangeXtreme]

 

[Mareiniss]

it appears Avenatti had 2 issues today that are completely separate from the other charges - not a good day for Michael.

Also, as charged by the U.S. Attorney for the Central District of California:

"Avenatti never filed personal income tax returns for 2011, 2012 and 2013 ..."

 

[jgeorge322]

Holy Chit Avenatti’s co-conspirator is Super lawyer Mark Geragos.

Wow both of them charged.

Kaps lawyer... so nike signs his client to a big deal and then he tries to extort his client’s sponsor.

 

[capeorange]

Haha! Nike believes in ethical and fair play...when we are guiding Blue Chip athletes to a few select institutions of higher education.

 

[Zepharus]

So who does this likely involve?

please be Duke...please be Duke...

thanks you jesus... thank you thank

 

[Noexcuse]

What's most interesting is the apparent speed with which this developed and the timing.
Just before quarterly Nike's earnings call and in the middle of the tournament.
Plus the feds have a cooperating witness...possibly another attorney.
And all this with Avenatti's firm in bankruptcy and a lawsuit claiming he's hiding dough.

Wonder if this KO's his plans to run for President of the United States?

Michael Avenatti arrested for alleged $20 million extortion attempt on Nike

Bankruptcy? Why should that be an issue if you're running for President?

 

[Alsacs]

OMG this Avenatti stuff is insane how stupid this guy truly is.

The Nike lawyers set up a sting where they were like "please Mr. Avenatti tell us again your proposal in which you solicit an 8-figure sum of money, not for your client, but for you personally." And Avenatti was like "LOL okay."
The balls on this guy. This is jail time for him.

 

[hoopsupstate]

The good news is that Avenatti's client apparently was a California-based AAU coach. Since we've basically given up on recruiting California, we're probably not involked in this.

As an aside, lawyers who spend their time trying to get on TV all the time usually aren't very good lawyers.

Wasn’t Dukes big man last year from California?

 

[cuse10]

Wasn’t Dukes big man last year from California?

Marvin Bagley went to Sierra Canyon in CA, but he's from Arizona.

 

[BillSU]

[/QUOTE

Prosecutors in Manhattan also accused the attorney of “attempting to extract more than $20 million in payments from a publicly traded company by threatening to use his ability to garner publicity to inflict substantial financial and reputational harm on the company if his demands were not met,” according a statement from the U.S. attorney for the Southern District of New York. The company in question was Nike, according to the complaint, which Avenatti has been sparring with in recent months.

The arrest announced Monday marked a precipitous fall, even by today’s whirlwind standards. Eight months ago, Avenatti was exploring a run for the 2020 presidential nomination, drawing large crowds and favorable reviews from Trump-loathing partisans.

”I believe we cannot be the party of turning the other cheek,” Avenatti told audiences from California to New Hampshire, differing with those — including, most prominently, former First Lady Michelle Obama — who counseled grace in the face of enmity. “I say when they go low, we hit harder.”

By December, however, Avenatti's presidential exertions had run their course, as some of the novelty wore off and other more credible candidates began ramping up their efforts. He issued a statement taking himself out of the running and citing family obligations as the reason.

Poor Michael, can't catch anyone but himself. Stormy day Mikey!

 

[Sherman20]

So I guess his Presidential run is full speed ahead, right?

I mean, we somehow elected a failed casino operator-turned-schlocky reality TV star with a history if multiple bankruptcies, criminal activity, sexual harassment and mob-like tactics as our Prez. Is Avenatti really a bridge too far for low-information, transgression-loving voters?

 

[Ozcuse]

Do we still get to see what information he had on Nike?

You're going down in flames, Avenatti. At this point just send it to everyone free of charge.

 

[AZOrange]

My guess is there’s a lot more to Avenattis story. Most people don’t get to extorting billion dollar companies overnight. Probably owes some bad dudes