Connect to share and comment

Texas judge rules against Lance Armstrong over prize money

By Lisa Maria Garza DALLAS (Reuters) - A Texas judge has denied a request by lawyers for Lance Armstrong to block a sports insurance company from re-opening an arbitration agreement in which the firm paid $12 million in bonuses to the disgraced cyclist. Dallas County Judge Tonya Parker refused to stop the original arbitration panel from considering whether Dallas-based SCA Promotions should be able to recoup the millions it paid Armstrong during his Tour de France winning streak, according to court documents filed on Wednesday.

Dallas sports insurer wants prize money back from Lance Armstrong

By Lisa Maria Garza DALLAS (Reuters) - Lawyers for Lance Armstrong went to court in Dallas on Friday, to try to block a sports insurance company from re-opening an arbitration decision forcing the firm to pay $12 million in bonuses to the disgraced cyclist. Dallas-based SCA Promotions said that Armstrong lied for years about using performance-enhancing drugs and has sued to re-open the 2006 arbitration decision made before he finally admitted to doping.

Armstrong reaches settlement in one fraud case

Disgraced cyclist Lance Armstrong reached a settlement on Wednesday in one of the fraud cases spawned by his confession that his Tour De France victories were fuelled by doping. Mark Kincaid, an attorney for Nebraska-based Acceptance Insurance, confirmed the company had reached a settlement with Armstrong but gave no details. The company sued Armstrong and the Tailwind Sports Corporation in March claiming the cyclist committed fraud by concealing his use of performance enhancing drugs during the 1999, 2000 and 2001 Tours.

Armstrong settles $3 million lawsuit over bonuses

(Reuters) - Disgraced cyclist Lance Armstrong has reached a settlement with an insurance company over $3 million in performance bonuses paid to him from 1999 to 2001, his spokesman said on Wednesday. Nebraska-based Acceptance Insurance had sued Armstrong and his former team's management company after the American cyclist was handed a life ban and stripped of his record seven Tour de France titles following a U.S. Anti-Doping Agency investigation.

Armstrong reaches settlement in one fraud case

Disgraced cyclist Lance Armstrong reached a settlement on Wednesday in one of the fraud cases spawned by his confession that his Tour De France victories were fuelled by doping. USA Today reported the agreement reached between Armstrong and Nebraska-based Acceptance Insurance allowed Armstrong to avoid a scheduled deposition in which he would have been asked to talk about his doping practices under oath.

Armstrong reaches settlement with Sunday Times

(Reuters) - Disgraced cyclist Lance Armstrong has reached an agreement with the Sunday Times after it had sued the drugs-tainted American for around one million pounds ($1.56 million), the British paper announced on Sunday. "It is the final episode in a long legal battle between this newspaper and the fallen icon..." the paper said. The newspaper was forced to pay Armstrong 300,000 pounds in 2006 to settle a legal case after it had questioned his Tour de France victories in an article published two years earlier.

Cycling chief, Armstrong duel over doping

Madrid, Jun 28 (EFE).- The president of cycling's international governing body, the UCI, reacted sharply Friday to statements by disgraced cyclist Lance Armstrong implying that it is still impossible to win the Tour de France without doping. "I can tell him categorically that he is wrong. His comments do absolutely nothing to help cycling," Pat McQuaid said in response to remarks Armstrong made to French daily Le Monde.

Cycling: Armstrong buys another Texas home

Disgraced US cyclist Lance Armstrong has purchased an Austin-area home just days after he sold his luxury Spanish-style estate he has lived in since 2006, it was reported Tuesday. The Austin American-Statesman described the home as being located in an exclusive sub-division. The newspaper did not reveal the purchase price but Austin real estate agents said it was valued at about $4.3 million. There was also no record of whether Armstrong took out a bank loan to pay for the house, the American-Statesman said.

Cycling: Armstrong sells Austin estate - report

Disgraced US cyclist Lance Armstrong, who is the subject of multiple lawsuits after confessing to doping, has sold his property in Austin, it was reported Thursday. The Austin American Statesman reported that Armstrong had sold the luxurious 1.7-acre Spanish-style estate he bought in 2004 but planned to continue living in the Texas city. Armstrong, who has been stripped of his seven Tour de France titles and abandoned by former sponsors after finally admitting he took performance-enhancing drugs, sold the property to a Texas oilman, Al Koehler.

Cyclist Armstrong sells home in Austin, Texas

By Karen Brooks AUSTIN, Texas (Reuters) - Disgraced former cycling champion Lance Armstrong has sold his sprawling home in the hills of Austin, Texas, his spokesman said on Thursday. Spokesman Mark Higgins, who spoke to Reuters, said Armstrong would continue to call the city his home, but did not elaborate on where Armstrong would live in Austin or offer any details of the sale.
Syndicate content