Plano native Lance Armstrong has been ordered to pay a Dallas-based promotions company $10 million in a fraud dispute.
A three-man arbitration panel voted 2-1 on Monday that Armstrong should pay SCA Promotions. The panel asked a Texas state court to confirm its decision.
According to media reports, SCA paid champion cyclist Armstrong roughly $12 million in bonuses during his career, which included seven Tour de France titles.
Armstrong was stripped of his cycling titles when he and his U.S. Postal…Lunes, Pebrero 16, 2015
Arbitration panel orders Lance Armstrong to pay Dallas company $10M
Plano native Lance Armstrong has been ordered to pay a Dallas-based promotions company $10 million in a fraud dispute.
A three-man arbitration panel voted 2-1 on Monday that Armstrong should pay SCA Promotions. The panel asked a Texas state court to confirm its decision.
According to media reports, SCA paid champion cyclist Armstrong roughly $12 million in bonuses during his career, which included seven Tour de France titles.
Armstrong was stripped of his cycling titles when he and his U.S. Postal…
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