Armstrong settles $3 million lawsuit over bonuses


  • Cycling
  • Thursday, 21 Nov 2013

(Reuters) - Disgraced cyclist Lance Armstrong has reached a settlement with an insurance company over $3 million (£1.9 million) in performance bonuses paid to him from 1999 to 2001, his spokesman said on Wednesday.

Nebraska-based Acceptance Insurance had sued Armstrong and his former team's management company after the American cyclist was handed a life ban and stripped of his record seven Tour de France titles following a U.S. Anti-Doping Agency investigation.

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