Q&A: Lance Armstrong's Lawyer Talks Shop About Settling with US Postal Service
Elliot Peters of Keker, Van Nest & Peters says "100 percent" of him wished he could take the doping case to trial, but that the $5 million settlement Armstrong reached "puts litigation out of his life."
April 19, 2018 at 06:45 PM
5 minute read
Lance Armstrong finishing third in Sète, taking over the yellow jersey at the 2002 Grand Prix Midi Libre on May 25, 2002. (Credit: Wikimedia Commons.)
Former pro cyclist Lance Armstrong announced Thursday he reached a $5 million settlement in the long-running False Claims Act case that former teammate Floyd Landis initiated in 2013 alleging Armstrong fraudulently misled their team sponsor, the U.S. Postal Service, about his use of performance-enhancing drugs.
The settlement comes as federal prosecutors who had taken up Landis' case and Armstrong's lawyers at Keker, Van Nest & Peters were approaching a May 7 trial date. Armstrong faced up to $100 million in potential liability at trial. In the wake of Thursday's announcement, Armstrong's lead lawyer, Keker Van Nest name partner Elliot Peters, spoke with The Recorder about the deal and some of the things he was looking forward to had the case gone to trial.
Elliot Peters. (Photo: Jason Doiy/ALM)
The Recorder: Why was this settlement the right move for Lance Armstrong?
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