Nike Tumbles After Michael Avenatti Warns Of "Major College Basketball Scandal"

2019 03 25 9 43 41

As March Madness hits its stride, former Stormy Daniels’ lawyer Michael Avenatti has found another outlet for his unique legal capabilities. In a tweet, Avenatti warned:

Tmrw at 11 am ET, we will be holding a press conference to disclose a major high school/college basketball scandal perpetrated by @Nike that we have uncovered. This criminal conduct reaches the highest levels of Nike and involves some of the biggest names in college basketball.”

The reaction was instant with NKE shares falling to their lowest since early February…

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This news comes after Nike shares have been sliding recently following weak domestic orders.





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