Lance Armstrong settles $100m US authorities lawsuit for $5m
Lance Armstrong has agreed to pay $5m (£3.5m) to the US authorities to settle a long-running lawsuit that would have price him $100m (£71m) in damages.
The American, 46, was accused of fraud by dishonest whereas using for the publicly funded US Postal Service crew.
“I am glad to resolve this case and transfer ahead with my life,” stated Armstrong.
Armstrong failed to block the lawsuit final yr and a trial was set for 7 Could in Washington.
In an announcement on Thursday, he stated he was “notably glad to have made peace with the Postal Service” regardless of believing their lawsuit to be “with out advantage and unfair”.
“I’ve since 2013 tried to take full duty for my errors, and make amends wherever attainable,” he stated.
“I rode my coronary heart out for the Postal biking crew, and was at all times particularly proud to put on the crimson, white and blue eagle on my chest when competing within the Tour de France. These recollections are very actual and imply loads to me.
“I am wanting ahead to devoting myself to the various nice issues in my life – my 5 youngsters, my spouse, my podcast, a number of thrilling writing and movie tasks, my work as a most cancers survivor, and my ardour for sports activities and competitors.”
The lawsuit was filed by Armstrong’s former US Postal team-mate Floyd Landis in 2010, earlier than being joined by the federal government in 2013.
Landis, who was stripped of the 2006 Tour title after testing optimistic for a banned substance, is eligible to obtain 25% of the settlement as the unique claimant. Armstrong has additionally agreed to pay $1.65m (£1.2m) to cowl Landis’ authorized charges.
He sued Armstrong below the federal False Claims Act, alleging Armstrong and his crew defrauded the federal government through the use of banned substances whereas using below the Postal Service banner.
The US Postal Service crew ran from 1996 to 2004, with Armstrong profitable seven Tour titles between 1999 and 2005.
The crew had been paid about $32m (£23m) between 2000 and 2004, with the federal government doubtlessly capable of pursue ‘treble’ damages below the lawsuit, ensuing within the $100m determine.
In 2013, Armstrong agreed a settlement with the Sunday Times after it sued him for about £1m. The American had been paid £300,000 to settle a libel case in 2004 after the newspaper alleged he had cheated.
Later that yr, he additionally settled a lawsuit brought by an insurance company that paid him $3m for successes whereas doping.