Lance Armstrong during an interview regarding the controversy surrounding his cycling career (Photo by George Burns/Oprah Winfrey Network via Getty Images)

Lance Armstrong during an interview regarding the controversy surrounding his cycling career (Photo by George Burns/Oprah Winfrey Network via Getty Images)

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.

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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.

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