Published: Fri, April 20, 2018
Worldwide | By Gretchen Simon

Lance Armstrong settles $100m United States government lawsuit for $5m

Lance Armstrong settles $100m United States government lawsuit for $5m

The settlement ends years of legal disputes between Armstrong and the U.S. government over whether the U.S. Postal Service - an independent agency of the United States federal government - had been damaged by Armstrong's doping, which he confessed to in January 2013, five months after he'd received a lifetime ban and been stripped of his Tour de France titles by the U.S. Anti-Doping Agency. With AP Photos.Lance Armstrong has reached a $5 million settlement with the federal government in a whistleblower lawsuit that could have sought $100 million in damages from the former cyclist.

Between 2001 and 2004, the Postal Service paid $31 million in sponsorship fees to Armstrong's team.

Nevertheless, according to the agreement, the settlement "is neither an admission of liability by Armstrong nor a concession by the United States or Relator [Landis] that their respective claims are not well founded".

"Even if Lance as an older guy could compete in an iron man triathlon or a couple of bike races, and people just saw him, and he could be seen in that context, it would help him", Peters said.

Landis' lawsuit claimed that while the two rode for the USPS cycling team, Armstrong took performance-enhancing drugs, forced him and his other teammates to participate in taking PEDs with him, and then lied about doing so.

Armstrong's personal fortune had been estimated at around US$125 million in 2012.

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Armstrong had denied doping during his cycling career, where he was arguably the best in the world from 1999-2005.

Under the lawsuit, the government could have pursued "treble" damages, which could have reached the $100 million range. "With this case, as in all other instances, the Postal Service vigorously defends our brand and our position as a trusted government institution".

"While I believe that their lawsuit against me was meritless and unfair, and while I am spending a lot of money to resolve it, I have since 2013 tried to take full responsibility for my mistakes and inappropriate conduct, and make amends wherever possible", Armstrong told the Associated Press. "I am looking forward to devoting myself to the many great things in my life - my five kids, my wife, my podcast, several exciting writing and film projects, my work as a cancer survivor, and my passion for sports and competition".

In the wake of the Clemens loss, prosecutors folded their criminal investigation into Armstrong without bringing charges.

Floyd Landis, a former teammate of Armstrong's, was the original plaintiff in the case, acting as a whistle-blower with a chance to receive a share of any money recovered by the government. "There is a lot to look forward to".

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