- Sep 30, 2003
Can you explain a bit pls.Avenatti is a slime, but there's some muddiness in the law over whether this sort of thing constitutes illegal extortion or the legal kind. I give him a fair chance of getting off.
1. He's demanding a huge payment to himself, not his client, and he's not the aggrieved/damaged party. This would seem extortion with a 'client" tacked on to lend a patina of legality. Of course add to that his threat to make allegations against Nike timed to coincide with investor calls. And his threat seems not to sue them for damages his client suffered, but to damage their stock price.
2. He's alleging criminal behavior on Nike's part. He's then demanding payment to not report said illegal activity. I understand that to be illegal.
E.g., as a CPA in the course of my work for a client I notice them engaged in illegal activity. I cannot demand money to keep quiet.
That appears to be what's happening here. Are you suggesting that by having an attorney in between the coach and Nike it is now legal?
I note that Avenatti is not representing Nike and there is attorney- client priv.