As recently reported in USA Today and the Austin Business Journal, Lance Armstrong avoided having to have his deposition taken this week after he reached a sttlement in a civil lawsuit that was brought by an insurance company seeking to recover bonuses paid to him for his performance during the Tour de France years.

The settlement resolves a lawsuit that was brought by Acceptance Insurance which sought to recover $3 million in bonuses paid for winning the Tour de France from 1999-2001.

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