In a statement Sunday to The Associated Press, Armstrong said settlement terms were private but apologized to SCA and its chief executive Bob Hamman for “any past misconduct on my part” in the dispute.
SCA demanded repayment in 2013, after Armstrong was stripped all seven of his Tour de France titles and issued with a life ban by the United States Anti-Doping Agency.
The government joined the case seeking the return of tens of millions in taxpayer money Armstrong accepted when his teams were sponsored by the U.S. Postal Service.
“I look forward to moving on”. Penalties in that case could reach the $100 million range. When that dispute led to arbitration proceedings, Armstrong and others were forced to give depositions.
The insurer had initially withheld payment of bonuses as allegations began to surface that Armstrong was cheating.
“I race the bike straight up, fair and square”, he testified.
Armstrong sued the American company in 2005 after it refused to pay him in relation to his sixth victory in 2004, with the Texan receiving $2.5m (£1.65m) in damages and costs plus the $7.5m (£4.94m) payment he was originally owed.
After years of lying about it and fighting those who questioned it, Armstrong finally admitted to doping in a televised interview with Oprah Winfrey in January 2013.
In May Armstrong’s attorneys tried to get the judge to vacate the panel’s decision, insisting that it “effectively eviscerated a fully negotiated and binding settlement agreement” made between SCA and Armstrong in 2006.
“Perjury must never be profitable”.
The new movie is expected to show a few of the early skirmishes between the company and Armstrong, who is portrayed by actor Ben Foster.