Two former Lance Armstrong associates have agreed to pay $158,000 to avoid being caught up in the $100 million federal lawsuit scheduled to go to trial against Lance Armstrong in November.
The settlement by Armstrong's former agent Bill Stapleton and Barton Knaggs, a longtime friend and business partner, was signed on Wednesday by a U.S. District judge. According to USA Today, the agreement "was part of a deal with former cyclist Floyd Landis," who initiated the lawsuit.
"Suffice it say, the settlement was reasonable under all the circumstances,” Landis' attorney, Paul Scott, told USA Today. "It allows us to focus our efforts and attention now on the upcoming trial of the central responsible party in the case."
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Stapleton, Knaggs and their company, Capital Sports & Entertainment, will pay $68,000 to the federal government and $90,000 to Scott's law firm. In late 2014, Stapleton and Knaggs had agreed with Landis to a $600,000 settlement, but the federal judge rejected it.
"My clients are pleased to be out of the case," said Marc Harris, an attorney in Los Angeles who represented Stapleton and Knaggs. "It has been a very long road for them. Even with several rulings in our favor that continually whittled down the case against them, the government withheld its consent to have them dismissed from the case. We are gratified that we have finally resolved the matter."
The U.S. Justice Department declined comment on the settlement.
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