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Cycling: US firm sues Armstrong over bonus money

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(Globalpost/GlobalPost)

A US insurance firm on Thursday filed a lawsuit against disgraced cyclist Lance Armstrong seeking restitution of $12 million in bonus money paid to the American for his Tour de France triumphs.

The Texas-based company, SCA Promotions, wants Armstrong to repay money the firm insured from his Tour victories in 2002, 2003 and 2004, after he was stripped of his record seven Tour titles last year.

"It is time now for Mr Armstrong to face the consequences of his actions," SCA's complaint said. "This includes returning all of the funds paid to him by SCA, which totals more than $12 million."

The filing in a Texas state court not only could cost Armstrong financially but could force him to testify under oath about the doping scandal that ruined his cancer-comeback story and tainted his Livestrong Foundation charity work.

Armstrong was also banned for life when the US Anti-Doping Agency (USADA) found overwhelming evidence that he was at the heart of a sophisticated doping scheme when his US Postal Service team dominated the Tour de France.

After years of denials, Armstrong confessed last month that he had taken performance-enhancing drugs in sweeping Tour titles from 1999-2005.

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http://www.globalpost.com/dispatch/news/afp/130207/cycling-us-firm-sues-armstrong-over-bonus-money