Stephanie Clifford (Stormy Daniels)

Michael Avenatti pleads not guilty to Nike extortion case charges

Attorney Michael Avenatti speaks to the media outside of a New York court house after a hearing
Photo: Spencer Platt/Getty Images

Attorney Michael Avenatti pleaded not guilty in a Manhattan court Tuesday to attempting to extort up to $25 million from Nike by threatening to publicize claims that it made improper payments to athletes, which Nike denies, AP reports.

Details: Prosecutors in the U.S. District Court amended the Nike indictment to drop two conspiracy counts but added an honest services fraud charge, Reuters notes. Avenatti is due to face trial on Jan. 21.

NYT: Manhattan prosecutors subpoena Trump tax returns

Photo: Drew Angerer/Getty Images

The office of Manhattan District Attorney Cyrus Vance has subpoenaed 8 years of President Trump's "personal and corporate tax returns" as part of its investigation into hush money payments made to Stormy Daniels during the 2016 election, the New York Times reports.

The big picture: A federal investigation into the payments resulted in Trump's former personal lawyer Michael Cohen pleading guilty to campaign finance violations, and it "effectively concluded" in July with no further charges. Vance's office opened a new investigation last month into whether the Trump Organization falsely listed its reimbursement of Cohen for the $130,000 payment to Daniels as a legal expense, which would be illegal under New York law.