Lance Armstrong Reaches $3 Million Settlement
Acceptance Insurance, a company based in Nebraska, has sued Armstrong for more than $3 million that they paid him for winning the Tour back in 1999 through 2001.
From USA Today:
“In September, an attorney for Acceptance, Mark Kincaid, wrote in court filings that Armstrong's team engaged in a "lengthy string of delays, unanswered calls, unheeded requests, and general foot-dragging so that Armstrong's counsel have not provided a reasonable alternate date" to schedule the deposition. Last month, they finally agreed upon a date (Nov. 21), now canceled with the settlement.”
While the $3 million settlements have been resolved as of Wednesday, Attorneys from both sides would not disclose any details, but did agree that both parties have been mutually satisfied.
SEE ALSO: Lance Armstrong To Be Sued For $12 Million
From here, Armstrong will continue struggling with legal battles, his next being a $12 million lawsuit from a Dallas based company that focused on his promotions. It continues with possible fines up to an excess of around $100 million.
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