Scarinci Hollenbeck, LLC
The Firm
201-896-4100 info@sh-law.comFirm Insights
Author: Scarinci Hollenbeck, LLC
Date: May 1, 2013
The Firm
201-896-4100 info@sh-law.comThe U.S. Justice Department filed a lawsuit against Lance Armstrong ahead of the April 23 deadline to file a formal complaint, alleging that he violated his contract with the U.S. Postal Service.
USPS paid roughly $40 million to sponsor Armstrong between 1998 and 2004, and the Justice Department argues that the cyclist violated his contract with the Postal Service by using performance-enhancing drugs to win his seven Tour de France titles, of which he was recently tripped.
The federal lawsuit names Armstrong, team director Johan Bruyneel and team management company Tailwind Sports. The Justice Department is seeking triple the damages assessed by a jury, according to The Associated Press. This may enable the government to recoup as much as $120 million from the former cyclist and cancer survivor.
“Defendants were unjustly enriched to the extent of the payments and other benefits they received from the USPS, either directly or indirectly,” read the complaint.
The AP notes that the Justice Department now bears the responsibility of proving that Armstrong both defrauded the USPS and damaged it. However, those defending Armstrong called the Justice Department’s claims “opportunistic,” noting that the USPS saw significant financial gains – roughly $139 million – a result of its sponsorship of Armstrong and his team over a four-year period. Despite these gains, the USPS contract signed by Armstrong and his team required all to follow the rules that govern cycling and his admission of using performance-enhancing drugs may be considered a sports law violation, the AP notes.
Following Armstrong’s admission of guilt, he has been banned from cycling for life, forced to step down from his Livestrong foundation and made to relinquish his titles and victories.
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Corporate transactions can have significant implications for a corporation and its stakeholders. For deals to be successful, companies must act strategically to maximize value and minimize risk. It is also important to fully understand the legal and financial ramifications of corporate transactions, both in the near and long term. Understanding Corporate Transactions The term “corporate […]
Author: Dan Brecher
Ongoing economic uncertainty is forcing many companies to make tough decisions, which includes lowering staff levels. The legal landscape on both the state and federal level also continues to evolve, especially with significant changes to the priorities of the Equal Employment Opportunity Commission (“EEOC”) under the Trump Administration. Terminating an employee is one of the […]
Author: Angela A. Turiano
While filing annual reports may seem like a nuisance, failing to do so can have significant ramifications. These include fines, reputational harm, and interruption of your business operations. In basic terms, “admin dissolution for annual report” means that a company is dissolved by the government. This happens because it failed to submit its annual report […]
Author: Dan Brecher
Antitrust laws are designed to ensure that businesses compete fairly. There are three federal antitrust laws that businesses must navigate. These include the Sherman Act, the Federal Trade Commission Act, and the Clayton Act. States also have their own antitrust regimes. These may vary from federal regulations. Understanding antitrust litigation helps businesses navigate these complex […]
Author: Robert E. Levy
If you’re considering closing your business, it’s crucial to understand that simply shutting your doors does not end your legal obligations. Unless you formally dissolve your business, it continues to exist in the eyes of the law—leaving you exposed to ongoing liabilities such as taxes, compliance violations, and potential lawsuits. Dissolving a business can seem […]
Author: Christopher D. Warren
Contrary to what many people think, corporate restructuring isn’t all doom and gloom. Revamping a company’s organizational structure, corporate hierarchy, or operations procedures can help keep your business competitive. This is particularly true during challenging times. Corporate restructuring plays a critical role in modern business strategy. It helps companies adapt quickly to market changes. Following […]
Author: Dan Brecher
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Consider subscribing to our Firm Insights mailing list by clicking the button below so you can keep up to date with the firm`s latest articles covering various legal topics.
Stay informed and inspired with the latest updates, insights, and events from Scarinci Hollenbeck. Our resource library provides valuable content across a range of categories to keep you connected and ahead of the curve.
Let`s get in touch!
Sign up to get the latest from the Scarinci Hollenbeck, LLC attorneys!