The two came to an agreement to settle the lawsuit after battling since 2004.
The terms are confidential but he said both sides mutually accepted the settlement.
Armstrong is said to have apologized to SCA. “I am pleased to have this matter behind me and I look forward to moving on. I do wish to personally apologize to SCA and its CEO, Bob Hamman for any past misconduct on my part in connection with our dispute and the resulting arbitration.” A Texas arbitration panel had ordered him to pay $10 million to them last February.
SCA said they would not comment any further on the settlement but that both sides mutually accepted the settlement. They never wanted to pay even back in 2004 because they thought he had cheated. But they were forced to pay $7.5 million but have wanted the money back ever since.
The US government is still going after Lance in a civil fraud case for $100 million.
