Lance Armstrong reaches $5m settlement in $100m federal fraud case

  • Cyclist settles for $5m in suit that could have sought $100m
  • Deal announced Thursday as both sides prepared for May trial

Lance Armstrong has reached a $5m settlement with the federal government in a whistleblower lawsuit that could have sought $100m in damages from the cyclist who was stripped of his record seven Tour de France victories after admitting he used performance-enhancing drugs throughout much of his career.

The deal announced Thursday came as the two sides prepared for a trial that was scheduled to start 7 May in Washington. Armstrong’s former US Postal Service team-mate Floyd Landis filed the original lawsuit in 2010 and is eligible for up to 25 percent of the settlement.

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