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Armstrong reaches settlement with Sunday Times

Lance Armstrong, founder of the LIVESTRONG foundation, takes part in a special session regarding cancer in the developing world during the C
Lance Armstrong, founder of the LIVESTRONG foundation, takes part in a special session regarding cancer in the developing world during the C

(Reuters) - Disgraced cyclist Lance Armstrong has reached an agreement with the Sunday Times after it had sued the drugs-tainted American for around one million pounds ($1.56 million), the British paper announced on Sunday.

"It is the final episode in a long legal battle between this newspaper and the fallen icon..." the paper said.

The newspaper was forced to pay Armstrong 300,000 pounds in 2006 to settle a legal case after it had questioned his Tour de France victories in an article published two years earlier.

However, after the 41-year-old was stripped of his record seven Tour wins and handed a life ban last year for cheating his way to glory, the newspaper demanded a return of the payout plus interest, as well as costs accrued in defending the case.

After years of denials, Armstrong confessed in an interview with Oprah Winfrey earlier this year that he used performance-enhancing drugs to cheat his way to the Tour de France wins.

(Reporting by Amlan Chakraborty in New Delhi; Editing by John O'Brien)

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