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Lance Armstrong must pay $10m in damages after losing a lawsuit


SwissVan

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Posted

FOR SOMEONE WHO IS "BROKE"

 

Armstrong's attorney, Tim Herman, said the case is not closed and that the one dissenting arbitrator in the majority ruling made the "proper analysis of governing law." "This award is unprecedented. No court or arbitrator has ever reopened a matter which was fully and finally settled voluntarily," Herman wrote in an email to Reuters. "Despite the absence of any legal basis for the sanction, Armstrong offered to pay SCA the entire $10-million in order to resolve the matter, but SCA refused."

what going to happen over the next couple of years is Armstrong's cash will be slowly transferred to his lawyers!

Posted

what going to happen over the next couple of years is Armstrong's cash will be slowly transferred to his lawyers!

He probably has a debit order with them[emoji23] [emoji6]
Posted

I cannot believe that no trolls have pounced on this, maybe its true that no one cares anymore....

 

TBH I think its a bit unfair

 

Lance Armstrong must pay $10m (£6.51m) in damages after losing a lawsuit with insurance firm SCA Promotions Inc.

 

http://www.bbc.com/sport/0/cycling/31495246

 

"Armstrong admitted to doping and was found to have lied in proceedings.

SCA said: "The award, which must be paid directly to SCA, is believed to be the largest award of sanctions assessed against an individual in American judicial history."

SCA initially refused to pay out money covering the bonus for Armstrong's sixth Tour de France win in 2004.

Armstrong took the company to an arbitration hearing in Dallas in 2005 and won, because the contract between the parties stipulated the insurance money would be payable if Armstrong was the "official winner" of the Tour.

He was awarded $2.5m (£1.6m) in damages and costs.

"SCA's dispute with Armstrong is not over," said the firm.

"It has a currently pending lawsuit in Dallas state district court where it is pursuing additional claims against Lance Armstrong and Bill Stapleton (Armstrong's agent)."

In 2012, the United States Anti-Doping Agency issued Armstrong with a life ban and stripped all seven of his Tour de France titles.

The Texan was accused of being part of the "most sophisticated, professionalised and successful doping programme" that sport had ever known.

During a 2013 television interview with American talk-show host Oprah Winfrey, Armstrong confessed that he used banned performance-enhancing drugs throughout much of his cycling career.

Last month, the Texan told the BBC , when asked if he would make the same choice to cheat that he made in 1995: "When I made the decision, when my team made that decision, when the whole peloton made that decision, it was a bad decision and an imperfect time.

"But it happened. And I know what happened because of that. I know what happened to the sport, I saw its growth."

SCA Promotions president and founder Bob Hamman said: "It is hard to describe how much harm Lance Armstrong's web of lies caused SCA but this is a good first start towards repairing that damage."

Jeff Tillotson, SCA's promotions lawyer added: "This record-breaking award was justified given Armstrong's outrageous conduct."

you just trolled yourself

Posted

what going to happen over the next couple of years is Armstrong's cash will be slowly transferred to his lawyers!

bud both ways his money will end up in their accounts anyway :whistling: 

 

via fees////or "fees"

Posted

Does he seriously have tim henman as a lawyer?!

 

http://newsimg.bbc.co.uk/media/images/44289000/jpg/_44289864_ab.jpg

 

ja ja, i know

Wait a minute...there was a hubber that went by the name of Tim Henman. Isn't he the head doctor of a team that's going to be at the Tour this year? The plot thickens...

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