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Lance Armstrong Settles High-Profile Fraud Case on Eve of Deposition by GBKH

On November 20th, cyclist Lance Armstrong settled a $3 million fraud case filed by GBKH on behalf of the Nebraska-based Acceptance Insurance Company, just one day before he was scheduled to give sworn testimony on his use of performance-enhancing drugs. Acceptance had paid Armstrong performance-related bonuses under the terms of an insurance policy, and GBKH accused the cyclist of defrauding its client by concealing his drug use. The settlement has been covered by The Wall Street Journal, The Associated Press, Time, and other media outlets.

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