Lance Armstrong settles with insurance company for $3 million.

Lance Armstrong Settles $3M Lawsuit, Avoids Testifying Under Oath About Doping

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Nov. 20 2013 6:16 PM

Lance Armstrong Settles $3M Lawsuit, Avoids Testifying Under Oath About Doping

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Lance Armstrong agrees to repay performance bonuses in court settlement.

Photo by Matthew Stockman/Getty Images

Earlier this year, Lance Armstrong was forced to give back his Olympic medal he was stripped of for doping. Armstrong has now agreed to fork over some cash as well. On Wednesday, Armstrong agreed to return $3 million in performance bonuses received for Tour de France victories that were later stripped from the cyclist. The bonus repayment was part of a settlement reached with an insurance company that covered Armstrong's bonuses. Acceptance Insurance of Omaha filed the suit earlier this year alleging fraud, unjust enrichment and breach of contract, according to the Wall Street Journal.

The settlement came the evening before Armstrong was scheduled to be deposed in the case. The last minute agreement, USA Today reports, “falls in line with a recurring theme–Armstrong does not want to give oral testimony under oath about doping if he can help it.” While Armstrong has admitted to using performance enhancing drugs in interviews, according to the Associated Press, he has yet to do so in sworn testimony.

Elliot Hannon is a writer in New York City. Follow him on Twitter.

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