Lance Armstrong sued for $12 million

Lance Armstrong is being sued for $12 million by the insurance company, SCA Productions, that paid him $10 million in bonuses.

“We made our demand for the return of the money we paid him for winning the Tour de France races where the titles were stripped. Mr. Armstrong and his legal team have not complied with that demand,” said SCA lawyer Jeffrey Tillotson, according to CNN.

Armstrong’s attorney says that there is no merit to this claim. In 2005 Armstrong sued the SCA after a delay of a bonus and at the time he said under oath that he was not doping.

Mark Fabiani, Armstrong’s attorney, is arguing that the company dies not have a case because of a settlement they made in 2006. It reads, ”no party may challenge, appeal or attempt to set aside the arbitration award.”

In November after the United States Anti-Doping Agency revealed its report Armstrong’s representatives and SCA began discussing a settlement, according to the New York Daily News.

The president of SCA, Bob Hamman, said, “We never had any meaningful negotiation. They floated a couple of trial balloons but they never made us a firm offer. They never made an offer we could accept, or one that was even close.”

Armstrong was also give two weeks to cooperate with the USADA to reduce his lifetime ban on competitive sports. USADA chief executive officer Travis Tygart, gave him until Wednesday to come clean.

Tygart said, “We have been in communication with Mr. Armstrong and his representatives and we understand that he does want to be part of the solution and assist in the effort to clean up the sport of cycling. We have agreed to his request for an additional two weeks to work on details to hopefully allow for this to happen.”

Tygart has not made any comment. This could be due to a possible extension for Armstrong since federal agents are involved and anything the says to the USADA could be used against him.

It is going to be a long time until we hear the end of the Lance Armstrong story.

Categories: General News