February 6th, 2013
04:02 PM ET

Insurance company to sue Lance Armstrong for millions in bonuses

The fallout from Lance Armstrong's admission that he used performance enhancing drugs and blood doping continues.

a sports insurance company that paid the disgraced former cycling champ more than $10 million in bonuses plans to file a lawsuit to recover its money, an attorney for SCA Promotions told CNN on Wednesday.

Jeffrey Tillotson said SCA has already asked Armstrong for the money back.

"We made our demand for the return of the money we paid him for winning the Tour de France races where the titles were stripped," Jeffrey Tillotson told CNN's Ashleigh Banfield. "Mr. Armstrong and his legal team have not complied with that demand."

Read more about the pending lawsuit here.

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Lawyer: Armstrong open to 'truth and reconciliation' commission, not USADA

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Filed under: Cycling • Lance Armstrong • Sports
soundoff (4 Responses)
  1. Rascal Rabble

    Oh plz...that suit need to be dismissed. the insurance company had to pay no matter what...he did WIN...you got your name and logo flashed...unless there's a clause that he had to win fairly...lol...hit dah gavel!

    February 6, 2013 at 5:22 pm | Report abuse | Reply
  2. Joey Isotta-Fraschini ©™

    I agree with @ Rascal Rabble.
    I don't actually have to be the world's greatest barber to hang out a shingle stating that I am.
    That's Show Business.

    February 6, 2013 at 8:59 pm | Report abuse | Reply
  3. richard in houston

    I am suprised he has not been hit with fraud, liable and lying under oath charges.

    February 7, 2013 at 3:34 pm | Report abuse | Reply
  4. insuranc company

    The amount of premium paid to the insurance company can differ depending on several factors including; the value of the craft, the value of its contents, the amount of people inside the craft and which countries that are affected by war the craft is expected to travel to.

    February 17, 2013 at 11:02 am | Report abuse | Reply

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