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Lance sues for bonus



 
 
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  #1  
Old September 16th 04, 12:13 PM
Gary
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Default 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.
  #2  
Old September 16th 04, 10:39 PM
Richard Adams
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Default

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.
  #3  
Old September 16th 04, 11:28 PM
Sonarrat
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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...
  #4  
Old September 17th 04, 08:41 PM
Stewart Fleming
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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...
  #5  
Old September 16th 04, 11:44 PM
B. Lafferty
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Default


"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.


  #8  
Old September 18th 04, 03:46 AM
Howard Kveck
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Posts: n/a
Default

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?
  #9  
Old September 18th 04, 05:33 AM
RWM
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Posts: n/a
Default


"B. Lafferty" wrote in message
ink.net...

"Alex Rodriguez" wrote in message
...
In article . net,
says...


This is going to be great fun to watch......sort of like a slow motion

train
wreck.


Man, do you need help...


  #10  
Old September 20th 04, 05:11 PM
Papai Digital
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Posts: n/a
Default

"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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