Lance Armstrong makes out-of-court settlement on $3m lawsuit

Lance Armstrong

Lance Armstrong saved himself testifying at the last minute and settled a $3m lawsuit with Acceptance Insurance. The former American cyclist was scheduled to appear in court tomorrow about his drug use en route to seven Tour de France wins.

According to the Associated Press news agency, attorneys for both Armstrong and the Nebraska-based insurance company said that the case was "resolved to the mutual satisfaction of the parties." They did not provide the settlement details.

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Gregor Brown

Gregor Brown is an experienced cycling journalist, based in Florence, Italy. He has covered races all over the world for over a decade - following the Giro, Tour de France, and every major race since 2006. His love of cycling began with freestyle and BMX, before the 1998 Tour de France led him to a deep appreciation of the road racing season.