Thu February 7, 2013
New Armstrong Lawsuit: Dallas Company Wants Prize Money Back
Dallas-based sports insurance and promotion company SCA Promotions is suing former cyclist Lance Armstrong for more than $12 million.
The damages, the company says, are for prize money paid to Armstrong for his 2002, 2003 and 2004 Tour de France wins, and for legal costs accrued during a previous lawsuit.
In 2005, Armstrong sued SCA Promotions for withholding prize money (the company claims to have delayed payment because of doping allegations) and as a result, testified in court that he had not used performance-enhancing drugs.
Since, Armstrong has admitted to doping in a January 14 interview with Oprah Winfrey and has been stripped of his seven Tour de France titles by the USADA. SCA Promotions filed the suit Thursday alleging that Armstrong’s admissions are evidence that he breached his contract with the company.
Armstrong’s confession during the Jan. 14 interview caused many to speculate about potential lawsuits and criminal charges that the cyclist might face.