Lance Armstrong Agrees to Pay$ 5 Million to Settle Federal Lawsuit

Cyclist Lance Armstrong agreed to pay$ 5 million to the federal government on Thursday to resolve a lawsuit claiming that he defrauded the U.S. Postal Service by using” performance-enhancing narcotics” when the agency sponsored his cycling squad, Elliot Peters, Armstrong’s lead lawyer, told The New York Times . The government originally sought $100 million from Armstrong. The agreement comes after years of arm-twisting on both sides, with Armstrong’s side denying that the Postal Service was harmed and Peters calling it” a bogus instance .” Armstrong admitted to doping in 2013, saying he had use banned substances during his record-breaking seven Tour de France wins. He was stripped of all his titles following a 2012 investigation by the U.S. Anti-Doping Agency. Floyd Landis, a former teammate of Armstrong’s, was the original plaintiff in the case. He is set to receive $1.1 million from the settlement fund, and Armstrong will have to pay him an additional $1.65 million to cover his legal costs.

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