Lance Armstrong: US insurance firm ready to file $12m lawsuit

SCA Promotions insured bonuses paid to Armstrong when he claimed his fourth, fifth and sixth Tour de France wins.
The American has admitted using performance-enhancing drugs for all seven of his Tour de France wins.
"We will likely file that lawsuit as soon as next week unless we get a satisfactory response from Armstrong's camp," SCA lawyer Jeff Tillotson said.
The insurance policy was taken out by Tailwind Sports, owner of the US Postal team, to cover performance bonuses payable to Armstrong if he claimed his fourth, fifth and sixth Tour victories.
SCA initially refused to pay out money covering the bonus for Armstrong's sixth Tour win in 2004, totalling $5m, because it argued Armstrong was not a clean rider.
Armstrong took the company to an arbitration hearing in Dallas in 2005 and won, because the contract between the parties stipulated the insurance money would be payable if Armstrong was the "official winner" of the Tour.
But, after Armstrong's confession of doping to Oprah Winfrey this week, Tillotson said his client would be looking to recover the money, now assessed at $12m because of legal costs and interest.
"As you can imagine, we paid him $12m for being the official winner of three Tour de France races and swearing under oath he was a clean rider during those races," Tillotson told BBC 5live's BeSpoke programme.
"He's now told us, at least though Oprah, that he lied when he told us he was a clean rider.
"He doped during all those races, and Usada and UCI have stripped him of his official title status. So under those circumstances my client naturally wants his money back.
"We have made a demand for return of the $12m and if that money is not returned to us, my client will pursue litigation.
"He feels Lance Armstrong neither has the legal right, nor frankly the moral right to keep those funds."
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