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In the News: Stapleton agrees to conditional settlement in Armstrong case

Lance Armstrong's longtime business associates have agreed to pay $500,000 to the U.S. government as part of a conditional settlement

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USA Today reports that Bill Stapleton and Barton Knaggs have agreed to conditional settlements in the Armstrong case.

Two of Lance Armstrong’s longtime business associates have agreed to pay $500,000 to the United States government as part of a conditional settlement in a lawsuit filed by former Armstrong teammate Floyd Landis.

Stapleton, Armstrong’s longtime agent, and Barton Knaggs, Armstrong’s longtime business partner, also have agreed to pay $100,000 to the law office of Landis’ attorney, Paul Scott.

If approved by the U.S. government, the settlement would release Stapleton, Knaggs, and their agency, Capital Sports & Entertainment, from Landis’ lawsuit in exchange for their combined payments of $500,000 to the government and $100,000 to Scott.

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