Nebraska insurance firm files lawsuit against Lance Armstrong

Nebraska insurance company sues Lance Armstrong

Nebraska insurance company sues Lance ArmstrongThe insurer has now sued the cyclist for collecting performance bonuses worth $3 million by cheating.

Lance Armstrong isn’t finished seeing the backlash from the discovery that he cheated during his major cycling competitions – such as the Tour de France – as a Nebraska insurance company has now filed a lawsuit against him for wrongful collection of payments.

The company alleges that he cheated in order to take in a $3 million performance bonus.

This performance bonus was offered by the Nebraska insurance company when Armstrong’s team purchased a policy from them which covered the significant cash outlays if large competitions were won by the cyclist. He was, indeed, paid those amounts, but it has since been revealed that he was cheating in order to receive his titles, and that many of them have now been stripped away from him.

The Nebraska insurance company has now filed the lawsuit within the Austin, Texas, Travis County District Court.

The company’s name is Acceptance Insurance Co., which is based in Council Bluffs, Nebraska. This is not the first time that an insurer has sued Lance Armstrong. Earlier this year, he also faced a lawsuit from SCA Promotions, an insurer based in Dallas, which sought at least $12 million. That lawsuit was for similar allegations; that performance bonuses were improperly paid out.

This most recent Nebraska insurance lawsuit from Acceptance has shown that the policy’s cash payouts were triggered when the Tour de France was won by Armstrong in 1999, 2000, and 2001, at which times he has been shown to have been using banned performance enhancers and took part in blood doping.

The lawsuit alleges that the cyclist was never truly entitled to receive the payments from the Nebraska insurance company, because the rules of the Tour de France were broken when he lied about doping. This, said the suit, violated the terms of the policy that Armstrong had with the company.

Among the evidence cited by the lawsuit by the Nebraska insurance firm included the interview between Oprah Winfrey and Lance Armstrong, which was televised in early 2013, in which he directly admitted to having used substances that were banned.

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