Michael Avenatti arrested for alleged $20 million extortion attempt against Nike

1:19 PM ET Mon, 25 March 2019

Celebrity lawyer Michael Avenatti has been arrested on charges related to an alleged $20 million extortion of the athletic apparel company Nike, federal authorities said Monday. Avenatti had represented adult film star Stormy Daniels in her lawsuit against President Donald Trump and his former lawyer Michael Cohen. CNBC's Dom Chu reports.