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.
The bonus money from SCA is for three of Armstrong's seven Tour de France championships, which were rescinded because of doping.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.