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Lance sues for bonus
From the Dallas Morning News:
Lance sues to get bonus for Tour victory 12:10 AM CDT on Thursday, September 16, 2004 By TERRY MAXON / The Dallas Morning News A Dallas-based insurance company is balking at paying cyclist Lance Armstrong a $5 million bonus for winning the Tour de France, saying it wants to look into allegations that Armstrong used illegal performance-enhancing drugs. SCA Promotions Inc. said it has paid the $5 million into a custodial account until it determines whether "new allegations" made against Armstrong are true. "We're just asking the questions," SCA attorney John Bandy said Wednesday. Armstrong and Tailwind Sports Inc. filed a lawsuit in Dallas County state district court Tuesday seeking to make SCA pay up. As required in its contract with SCA, they asked to send the claim to arbitration, and Bandy said SCA supports that move. Tailwind owns the U.S. Postal Service Pro Cycling Team and has Armstrong as its leading member. In 2001, it promised Armstrong a series of bonuses based on the number of consecutive Tour victories. Before the 2001 Tour de France, Tailwind paid SCA a $420,000 insurance premium to pay the bonuses if Armstrong earned them. SCA paid a $1.5 million bonus in 2002 after Armstrong won his fourth Tour, and another $3 million after he won again in in 2003. But SCA withheld the $5 million bonus Armstrong was to receive after winning a sixth straight Tour this summer. Bandy said SCA learned of allegations in a newly published book, L.A. Confidential: The Secrets of Lance Armstrong, that quoted a former team employee saying Armstrong had used a banned blood booster and asked her to dispose of bags of syringes. "We believe the contract says we have to pay only if the event of a valid claim," Mr. Bandy said. In its suit, the plaintiffs said SCA has asked Armstrong and Tailwind to provide all of Armstrong's medical records and other records. Bandy said SCA will ask the arbitrator to order those records handed over. The plaintiffs said SCA didn't have the right to question his Tour victories, which were upheld by cycling authorities. |
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Gary wrote in message ...
From the Dallas Morning News: Lance sues to get bonus for Tour victory 12:10 AM CDT on Thursday, September 16, 2004 By TERRY MAXON / The Dallas Morning News A Dallas-based insurance company is balking at paying cyclist Lance Armstrong a $5 million bonus for winning the Tour de France, saying it wants to look into allegations that Armstrong used illegal performance-enhancing drugs. [snip] In other news: Major insurance companies covering structures and businesses in the path of Hurricane Ivan are insisting each claimant submit both a blood and urine specimen to USADA and cleared before any benefits will be paid out. |
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Gary wrote in message ...
From the Dallas Morning News: Lance sues to get bonus for Tour victory 12:10 AM CDT on Thursday, September 16, 2004 By TERRY MAXON / The Dallas Morning News A Dallas-based insurance company is balking at paying cyclist Lance Armstrong a $5 million bonus for winning the Tour de France, saying it wants to look into allegations that Armstrong used illegal performance-enhancing drugs. SCA Promotions Inc. said it has paid the $5 million into a custodial account until it determines whether "new allegations" made against Armstrong are true. "We're just asking the questions," SCA attorney John Bandy said Wednesday. Armstrong and Tailwind Sports Inc. filed a lawsuit in Dallas County state district court Tuesday seeking to make SCA pay up. As required in its contract with SCA, they asked to send the claim to arbitration, and Bandy said SCA supports that move. Tailwind owns the U.S. Postal Service Pro Cycling Team and has Armstrong as its leading member. In 2001, it promised Armstrong a series of bonuses based on the number of consecutive Tour victories. Before the 2001 Tour de France, Tailwind paid SCA a $420,000 insurance premium to pay the bonuses if Armstrong earned them. SCA paid a $1.5 million bonus in 2002 after Armstrong won his fourth Tour, and another $3 million after he won again in in 2003. But SCA withheld the $5 million bonus Armstrong was to receive after winning a sixth straight Tour this summer. Bandy said SCA learned of allegations in a newly published book, L.A. Confidential: The Secrets of Lance Armstrong, that quoted a former team employee saying Armstrong had used a banned blood booster and asked her to dispose of bags of syringes. "We believe the contract says we have to pay only if the event of a valid claim," Mr. Bandy said. In its suit, the plaintiffs said SCA has asked Armstrong and Tailwind to provide all of Armstrong's medical records and other records. Bandy said SCA will ask the arbitrator to order those records handed over. The plaintiffs said SCA didn't have the right to question his Tour victories, which were upheld by cycling authorities. snerk. Sure, he's going to ride the Giro next year... suuuuuuure... |
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Armstrong and Tailwind Sports Inc. filed a lawsuit in Dallas County state district court Tuesday seeking to make SCA pay up. As required in its contract with SCA, they asked to send the claim to arbitration, and Bandy said SCA supports that move. Contract law is more powerful than anti-doping codes... |
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"Gary" wrote in message ... From the Dallas Morning News: Lance sues to get bonus for Tour victory 12:10 AM CDT on Thursday, September 16, 2004 By TERRY MAXON / The Dallas Morning News A Dallas-based insurance company is balking at paying cyclist Lance Armstrong a $5 million bonus for winning the Tour de France, saying it wants to look into allegations that Armstrong used illegal performance-enhancing drugs. SCA Promotions Inc. said it has paid the $5 million into a custodial account until it determines whether "new allegations" made against Armstrong are true. "We're just asking the questions," SCA attorney John Bandy said Wednesday. Armstrong and Tailwind Sports Inc. filed a lawsuit in Dallas County state district court Tuesday seeking to make SCA pay up. As required in its contract with SCA, they asked to send the claim to arbitration, and Bandy said SCA supports that move. Tailwind owns the U.S. Postal Service Pro Cycling Team and has Armstrong as its leading member. In 2001, it promised Armstrong a series of bonuses based on the number of consecutive Tour victories. Before the 2001 Tour de France, Tailwind paid SCA a $420,000 insurance premium to pay the bonuses if Armstrong earned them. SCA paid a $1.5 million bonus in 2002 after Armstrong won his fourth Tour, and another $3 million after he won again in in 2003. But SCA withheld the $5 million bonus Armstrong was to receive after winning a sixth straight Tour this summer. Bandy said SCA learned of allegations in a newly published book, L.A. Confidential: The Secrets of Lance Armstrong, that quoted a former team employee saying Armstrong had used a banned blood booster and asked her to dispose of bags of syringes. "We believe the contract says we have to pay only if the event of a valid claim," Mr. Bandy said. In its suit, the plaintiffs said SCA has asked Armstrong and Tailwind to provide all of Armstrong's medical records and other records. Bandy said SCA will ask the arbitrator to order those records handed over. The plaintiffs said SCA didn't have the right to question his Tour victories, which were upheld by cycling authorities. Interesting. According to Walsh and Ballester, one of the major sticking points between Cofidis and Armstrong was that Armstrong refused to provide any of his medical records to Cofidis. I'm curious to see how Armstrong's attorney react to the demand for all medical records. Fun times ahead. |
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"Alex Rodriguez" wrote in message ... In article . net, says... Interesting. According to Walsh and Ballester, one of the major sticking points between Cofidis and Armstrong was that Armstrong refused to provide any of his medical records to Cofidis. I'm curious to see how Armstrong's attorney react to the demand for all medical records. Fun times ahead. They will obviously decline unless that was a condition of the policy. Anyone see the policy? ------------ Alex Producing the medical records has nothing to do with the terms of the policy. By commencing legal or arbitration action, Armstrong waives any privilege as to medical documents that are relevant to the claim or defense of the claim. If the issue is whether he used drugs, I would think his medical records would be of great interest to the insurance company's medical/doping expert. We might even discover whether or not he mad an admission to his cancer doc about using performance enhancing drugs. Look for the people in the room when the alleged admission was made to be subpoenaed to testify under oath. This is going to be great fun to watch......sort of like a slow motion train wreck. |
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In article . net,
"B. Lafferty" wrote: This is going to be great fun to watch......sort of like a slow motion train wreck. These words say so much about you, Brian, at least as regards this issue. Seems kind of sad to me. -- tanx, Howard "Nationalism is an infantile disease. It is the measles of mankind." Albert Einstein remove YOUR SHOES to reply, ok? |
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"B. Lafferty" wrote...
...admission to his cancer doc about using performance enhancing drugs. Look for the people in the room when the alleged admission was made to be subpoenaed to testify under oath. This is going to be great fun to watch......sort of like a slow motion train wreck. Why? It irritates me of course that you feel SO CONSTANTLY NEGATIVELY about this Brian. -Ken |
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