Insurance Post

Lance Armstrong settles with US insurer over $3bn lawsuit

lance-armstrong

Lance Armstrong has reached a settlement with Acceptance Insurance in relation to performance bonuses paid to him between 1999 and 2001.

The Nebraska-based insurer had been seeking $3bn (£1.86bn), but has now reached an undisclosed agreement with Armstrong.

Acceptance's attorney, Mark Kincaid, and Armstrong's lawyer, Tim Herman

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