March 25, 2019
Avenatti, who also represented Stormy Daniels in her confidentiality battle with President Trump, was charged with extorting the Eager Beavertons of $1.5 million to be paid to a client of his and an additional $15-25 million in fees to conduct an internal investigation of Nike in return for not holding a press conference in which he would expose college basketball recruiting violations that were very similar to the ones that resulted in convictions of former Adidas exec Jim Gatto and two of his affiliates.
Comprehensive net income at the Chinese apparel producer was RMB 4,735,048,000 ($715.7 million) in 2018, up 30% from RMB 3,642,824,000 on a 16% increase in revenues to RMB 20,950,205,000 ($3,166.6 million) from RMB 18,085,247,000, driven by demand for athletic apparel in the U.S. and China.
An SEC filing from Callaway detailed the financial results of Jack Wolfskin parent JW Stargazer Holding GmbH, it’s recently acquired German outdoor company, for the fiscal year ended Sep. 30, 2018.
The Eager Beavertons received a €12,555,000 ($14.1 mm) fine from the European Commission for contractually preventing its licensees from selling soccer merchandise to customers in other EU countries.
Icon Health & Fitness is suing Nautilus in Seattle District Court, claiming that the Bowflex HVT infringes on its patents nos. 9,403,047 and 10,188,890 for magnetic-resistance cable machines.