50°
Baton Rouge, Louisiana
7 Day Forecast
Follow our weather team on social media

Lance Armstrong settles $3M insurance lawsuit

3 years 2 weeks 4 days ago November 20, 2013 Nov 20, 2013 Wednesday, November 20 2013 November 20, 2013 1:28 PM in Sports
Source: Associated Press

AUSTIN, Texas - 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.

More News

Desktop News

Click to open Continuous News in a sidebar that updates in real-time.
Radar
7 Days