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Armstrong settles $3m insurance lawsuit
A day before he was scheduled to give sworn testimony about his use of performance-enhancing drugs, Lance Armstrong reached a settlement on Wednesday with an insurance company that was seeking $3 million in performance bonuses it paid him from 1999 to 2001
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day before he was scheduled to give sworn testimonyabout his use of performance-enhancing drugs, Lance Armstrong reached asettlement on Wednesday with an insurance company that was seeking $3 millionin performance bonuses it paid him from 1999 to 2001.
Nebraska-based Acceptance Insurance sued Armstrong in Texas earlier this year after he admitted he doped during a career in which he won the Tour de France seven times.
Acceptance attorney Mark Kincaid and Armstrong attorney Tim Herman declined to disclose details of the settlement, but both said the case was 'resolved to the mutual satisfaction of the parties.'
The settlement means Armstrong will not need to show up for a Thursday deposition in Austin, where he was expected to be asked to detail drug use throughout his career. Although Armstrong has acknowledged drug use in interviews with Oprah Winfrey and other media, he has yet to provide sworn testimony
