Lance Armstrong Settles $3M Insurance Lawsuit
Sports Fan Insider
AUSTIN, Texas (AP) — Lance Armstrong has reached a settlement with an insurance company that sought more than $3 million for bonuses it paid him for winning the Tour de France from 1999 to 2001.
Nebraska-based Acceptance Insurance sued Armstrong earlier this year after he admitted using performance-enhancing drugs during his career.
Attorneys for both sides would not disclose details of Wednesday’s settlement other than to say the case has been “resolved to the mutual satisfaction of the parties.”
Armstrong still faces a similar $12 million lawsuit from a Dallas-based promotions company that is in arbitration. He also faces a federal whistle-blower lawsuit over his team’s previous sponsorship with the U.S. Postal Service that could lead to fines in excess of $100 million.
- CDC: Highly Unlikely Ebola Virus Has Spread
- Dallas Cowboys Player Accused Of Sexual Assault
- Big Tex Preaches Ebola Precautions
- Uncertainty Continues At Apartments Where Ebola Patient Stayed
- Steroid Bust Nets Prison Guards, Would-Be NFLer
- Before Drug Sentencing Former Cowboy Sends Letter To CBS 11
- 4th Abduction Attempt In Tarrant County
- Evacuations In Milford After Natural Gas Pipeline Explosion
- Witnesses Watch 2 Lions Kill Lioness At Dallas Zoo
- Safety Institute Suggests Booster Seats Until Age 12
- PHOTOS: Your Pet Pictures