- Aug 12, 2001
Texan's attorney says Armstrong offered $10 million settlement before award
The attorneys for SCA Promotions have issued a petition to a Texas district court to confirm the $10 million award decided by an arbitration panel against Lance Armstrong, one that if accepted would compel Armstrong to pay. In the petition, they write that "Mr. Armstrong has indicated that he will refuse to comply with the Award", but Armstrong's lawyer Tim Herman said in a statement that Armstrong had already offered to pay SCA Promotions the $10 million, but they refused to accept it.
The panel decided earlier this month to sanction Armstrong $10 million for repeated perjury, intimidation of witnesses, and for showing no remorse in duping SCA Promotions out of $5 million in bonuses for winning the Tour de France while cheating by using performance enhancing drugs.