Friday 24 October 2014

Lance Armstrong loses bid to block company's attempts to recover €12m in performance bonuses

Published 30/05/2014 | 20:55

Lance Armstrong

The Texas Supreme Court has denied Lance Armstrong's request to block a Dallas company's attempts to recover about $12million in performance bonuses it paid the cyclist during his career.

SCA Promotions wants its money back now that Armstrong has admitted using performance-enhancing drugs to win the Tour de France seven times. Armstrong and the company have been in a legal dispute over the money for several years.

The company alleges it was deceived by Armstrong and an arbitration panel has agreed to consider the company's case in June.

Armstrong has sought to block the arbitration review and his pending sworn testimony.

The court has ruled in SCA's favour.

In his court appeal, Armstrong argued he had a binding settlement with the company in 2006 that should not be overturned.

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