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by Chantal Valery WASHINGTON, Feb 7, 2013 (AFP) - A US insurance firm on Thursday filed a lawsuit against disgraced cyclist Lance Armstrong seeking restitution of $12 million in bonus money paid to the American for his Tour de France triumphs. The Texas-based company, SCA Promotions, wants confessed dope cheat Armstrong to repay money the firm insured from his Tour victories … [Read more...]
WASHINGTON, Oct 31, 2012 (AFP) - Dallas insurance company SCA Promotions confirmed on Wednesday that it has sent Lance Armstrong a letter demanding the return of $12 million in bonuses and warned that it might take legal action. SCA attorney Jeff Dorough said the letter not only seeks back the bonus money but states that it might go to court for legal sanctions and penalties against the … [Read more...]
PARIS, Oct 23, 2012 (AFP) - World cycling's decision to strip Lance Armstrong of his record seven Tour de France wins could cost the shamed US rider millions, as calls mounted on Tuesday for tougher action to restore the sport's shattered image. The International Cycling Union (UCI) on Monday gave its backing to a damning US Anti-Doping Agency (USADA) dossier that placed the Texan at … [Read more...]
LOS ANGELES, Oct 22, 2012 - Dallas insurance company SCA Promotions is demanding the return of millions of dollars in bonuses paid to Lance Armstrong now that the shamed cyclist's Tour de France victories have been expunged. "Mr. Armstrong is no longer the official winner of any Tour de France races and as a result it is inappropriate and improper for him to retain any bonus payments … [Read more...]
LOS ANGELES - Federal investigators, probing cheating in pro cycling, have subpoenaed material from a 2004 case in which a US firm attempted to prove Lance Armstrong used performance-enhancing drugs. Jeffrey Tillotson, a lawyer for SCA Promotions Inc, said his company would send the documents to federal investigators in Los Angeles. Armstrong has vehemently denied using … [Read more...]