Michael Avenatti, lawyer of adult-film actress Stormy Daniels, exits from Federal Court in New York, U.S. (Photographer: Victor J. Blue/Bloomberg)

Michael Avenatti Arrested as U.S. Alleges Nike Extortion, Embezzlement

(Bloomberg) -- California lawyer Michael Avenatti was charged by federal prosecutors on both coasts, accused in New York of trying to extort millions of dollars from Nike Inc. and in Los Angeles of...