Ashlee Rezin/Chicago Sun-Times, via Associated Press
Michael Avenatti, the lawyer best known for representing Stormy Daniels in her lawsuits against President Trump, was arrested Monday as federal prosecutors filed charges accusing him of attempting to extort millions of dollars from Nike by threatening negative publicity right before an earnings call and the N.C.A.A. men’s basketball tournament.
In court documents filed Monday, federal prosecutors in Manhattan said that Mr. Avenatti and a client, a former travel team basketball coach, told Nike that they had evidence Nike employees had funneled money to recruits. The prosecutors said the men threatened to release the evidence in order to damage Nike’s reputation and market capitalization unless the company paid them at least $22.