Armstrong settles bonuses lawsuit

Former cyclist Lance Armstrong has settled a lawsuit brought by an insurance company that paid him $3m (£1.9m) for successes while doping.

The American was

stripped

of his seven Tour de France titles before

admitting

he took performance-enhancing drugs.

Nebraska-based Acceptance Insurance said the Texan’s drug use meant their policy with him was void.


Lance Armstrong

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Lance Armstrong admits doping to win cycling titles

Armstrong, 42, is also being sued for sponsorship money

his US Postal team received from 1998-2004.

The US Justice Department announced in February it would join the 2010 ‘whistleblowing’ lawsuit filed by ex-US Postal rider Floyd Landis, who himself admitted using drugs throughout his career.

A federal judge is expected to rule on Armstrong’s request to dismiss that suit in the next 30 days.

His settlement with Acceptance Insurance comes a day before he was due to give sworn testimony in court over the case.

He was banned for life by the United States Anti-Doping Agency in August 2012 and stripped of the seven Tour de France titles he won between 1999 and 2005.

Armstrong, who also

had to return the time-trial bronze medal

he won at the 2000 Olympics after his confession to television host Oprah Winfrey in January, was reported to be

worth $125m 

(£78m) earlier this year.

Last week he told the BBC he would testify with

“100% transparency and honesty”

at any future inquiry into doping.

Article source: http://www.bbc.co.uk/sport/0/cycling/25028290

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