What are the specific charges against Avenatti related to Nike?

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Michael Avenatti Faces Multiple Charges in Connection with Nike Case

Lawyer Michael Avenatti has pleaded not guilty to charges including extortion, communication with intent to extort, and two counts of conspiracy in an ongoing legal matter involving Nike Inc. These accusations stem from allegations that Avenatti attempted to leverage threats against the company to secure a substantial sum of money.
Extortion and Conspiracy Allegations

The charges specifically accuse Avenatti of attempting to extort more than US$20 million from Nike. This alleged scheme involved threatening to expose purported improper payments made by the company to college basketball team recruits it sponsored. The indictment details two counts of conspiracy alongside the primary charges of extortion and communication with intent to extort, indicating a planned course of action rather than a single instance.
Nike's Involvement and Response

Nike has publicly denied any wrongdoing in relation to the allegations that formed the basis of Avenatti's alleged threats. Notably, the company actively assisted federal prosecutors in their investigation prior to Avenatti's arrest. This collaboration played a role in the subsequent charges brought against the lawyer.
Legal Proceedings and Pleas

Avenatti entered his not guilty plea to these four counts during a hearing in federal court in Manhattan. He responded "100 per cent not guilty" to each of the charges as they were read by the US District Judge. This plea follows an earlier not guilty plea entered the same day to separate charges concerning his former client, Stormy Daniels. Avenatti is scheduled to return to federal court for further hearings in both cases on June 18.

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What are the specific charges against Avenatti related to Nike?

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