— said he hoped that prosecutors “will conclude that Mr. Geragos did not violate the law in any manner.”Avenatti was accused of “attempting to extract more than $20 million” from Nike. He allegedly threatened to hold a news conference if Nike didn’t pay his client, an Amateur Athletic Union coach in California who alleged the company was paying families of high school basketball prospects, and hire Avenatti for an internal investigation.
After Avenatti and Nike’s attorneys met on March 19, federal investigators launched a sting operation and began monitoring all contact between the lawyer and the sports company. They recorded a call Friday, during which Avenatti allegedly threatened to take $10 billion off Nike’s market capitalization by holding a news conference if his demands were not met.
“You guys know enough now to know you’ve got a serious problem,” Avenatti said, according to prosecutors.n 1982 and joined his father’s L.A. law firm., who was acquitted on charges of theft and obstruction of justice after becoming a target of the Whitewater investigation.
I want to see evidence. Geragos seems to have a good practice and takes on some important issues. No more rushing and hysteria. Lets see what documentation there is
Now, he’s at the center of another sensational case, but in an unusual position: as an alleged “un-indicted co-conspirator” in the Avenatti Nike case.
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