January 18, 2013 Doping

In the Hot Seat: Exposure to Armstrong Increases Substantially in Light of Recent Admissions

Seven time Tour de France ‘winner’ Lance Armstrong likely faces increased and significant financial exposure as a result of his recent televised admissions regarding his use of performance enhancing drugs during nearly all of his cycling competitions. Indeed, Armstrong could stand to lose a significant chunk of his estimated $125 million fortune as a result of the two part interview with Oprah Winfrey as a result of civil actions seeking financial damages based on claims for defamation, malicious prosecution, and fraud. Moreover, he will almost …