Nike fines $14 million for blocking cross-border sales of soccer merchandise

Credit: Reuters- Published 3 weeks ago
EU antitrust regulators fined U.S. sportswear maker Nike 12.5 million euros ($14.14 million) on Monday for restricting cross-border sales of merchandising products of five European football clubs and the a football federation.

Credit: Wochit News
Published 3 weeks ago -  00:32
Avenatti Arrested In Extortion Scam
Reuters reports that Attorney Michael Avenatti, was arrested on Monday. Avenatti was charged with extorting more than $20 million from Nike, federal prosecutors said. The U.S. Attorneys offices in New York and Los Angeles separately filed charges against Avenatti. The California case accuses him of embezzling a client’s money to cover his own debts. Avenatti was also charged with using phony tax returns to obtain millions of dollars in loans from a bank.

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