Lance Armstrong Faces Insurer Suit Over $12M Bonus Fraud

Law360, New York (February 6, 2013, 7:04 PM EST) -- A Dallas-based sports insurer says it will sue disgraced cyclist Lance Armstrong on Thursday in a bid to recoup more than $12 million in bonuses it paid in connection with Tour de France titles he now admits were tainted by performance-enhancing drugs.

SCA Promotions Inc. says that after Armstrong’s seven Tour titles were stripped and he came clean about his drug use, it demanded that he return the millions the company paid to him “under fraudulent circumstances.” Armstrong has repeatedly rebuffed those demands, however, prompting the...
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