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Lance Armstrong settles U.S. federal fraud case for $5 million - attorney


(Reuters) - Former cycling champion Lance Armstrong on Thursday agreed to pay $5 million to settle a federal suit claiming he defrauded his sponsor, the U.S. Postal Service, by using performance-enhancing drugs, his attorney and federal officials said.

The settlement ends the long-running false claims suit brought by fellow cyclist Floyd Landis and joined by the U.S. government, which had sought $100 million in damages on behalf of the Post Office, according to statements from Armstrong's attorney, Elliot Peters, and the U.S. Department of Justice.

Lance Armstrong

   

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