Press report Lance Armstrong settling case against SCA Promotions

The Sunday Times has reported that Lance Armstrong and his management company Tailwind Sports Corporation have settled their legal battle with the SCA Promotions company, apparently paying more than $10 million to the company that agreed an insurance policy covering the cost of bonus payments for Armstrong’s Tour de France victories.

Still pending is the False Claims Act being pursued by the Justice Department seeking to recover the $30 million the US Postal Service paid to sponsor the team. The whistleblower Floyd Landis could receive as much as 30% of any award as part of a qui tam Whistleblower legal suit. The legal battle result in Armstrong being forced to pay three times the sponsorship figure if he loses the case, up to $90 million.

Jeffrey Newman represents whistleblowers. He is not involved in this case.