News Digest

Lance Armstrong settles decade-long dispute with promotions company

With a payment and an apology, Lance Armstrong has settled a decade-long dispute with a promotions company that sought repayment of more than $10 million in bonuses it paid the former cyclist during a career that was later exposed to be fueled by performance-enhancing drugs. Dallas-based SCA Promotions first pursued evidence of doping against Armstrong in 2005. Although the company paid Armstrong in 2006, the testimony in its lawsuit and arbitration case helped lay the foundation for later doping charges that ultimately got Armstrong banned from the sport and stripped of his record seven Tour de France victories. SCA demanded repayment in 2013 after Armstrong publicly admitted using steroids and other doping methods.

I am pleased to have this matter behind me and I look forward to moving on. I do wish to apologize to SCA and its (chief executive), Bob Hamman, for any misconduct on my part in connection with our dispute and the resulting arbitration.

Lance Armstrong.

Company officials confirmed the settlement in a statement, but declined to reveal details or comment further. The SCA dispute was just one of several to hit Armstrong since his admission to doping. He previously settled a similar bonus payments dispute with Acceptance Insurance, which had sought $3 million. Armstrong still faces a federal whistleblower lawsuit in which the federal government is seeking repayment of more than $30 million the U.S. Postal Service paid to sponsor his teams from 1998-2004. Penalties in that case could reach the $100 million range.