Lance Armstrong settles long-running dispute over pay bonus in Texas


  • Cycling
  • Tuesday, 29 Sep 2015

Cyclist Lance Armstrong of the U.S. is seen with supporters during a break as he takes part in Geoff Thomas's 'One Day Ahead' charity event during a stage of the 102nd Tour de France cycling race from Muret to Rodez, France, July 16, 2015. REUTERS/Fred Lancelot

DALLAS (Reuters) - Disgraced cyclist Lance Armstrong has settled a lawsuit and apologised to an insurance company that paid him over $10 million (£657,935) in bonuses before he admitted he used performance-enhancing drugs, a lawyer for the firm said on Monday.

Dallas-based SCA Promotions for years has been trying to recoup the money it paid Armstrong for his victories in the Tour de France, arguing the accomplishments were tainted and built on lies.

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