JUST IN: Michael Avenatti has been found guilty on all counts of trying to extort up to $25M from Nike, CNBC reports.
“I’m not f---ing around with this, and I’m not continuing to play games,” Avenatti told Nike representatives, according to court papers. “You guys know enough now to know you’ve got a serious problem. And it’s worth more in exposure to me to just blow the lid on this thing. A few million dollars doesn’t move the needle for me.”
During closing arguments, one of his attorneys, Howard Srebnick, urged jurors to disregard the California attorney's four-letter words. “This was exactly what the clients wanted. He acted in good faith," Srebnick said."Not guilty.” Avenatti's former law firm office manager had testified that money was so tight there that some employees had been forced to leave their offices and work from home.
Avenatti is also charged in a separate case out of California with negotiating a settlement for a client and then using the funds to pay expenses for his coffee shop company, Global Barista US LLC, which operated Tully’s Coffee in California and Washington state.Avenatti had pleaded not guilty to the charges. He
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