ralphbert said:I would just like to point out it is Tuesday today.
Good post ralphbert.
Dave.
ralphbert said:I would just like to point out it is Tuesday today.
MarkvW said:This is a good preview of what's going to be decided in federal court. Armstrong's continued lying might get him in trouble for perjury, he'd better watch it.
This battle is all about the settlement agreement. There are strong policies favoring the finality of arbitration decisions and there are strong policies favoring the finality of settlement agreements. This should be fun to watch.
Benotti69 said:Still dont understand why Armstrong has not been punished for lying in court under oath. Thought was a serious no no!
ChewbaccaD said:Honest, non-confrontational question: Even though nobody is claiming it is over, how do you assess his chances of getting a court to overturn the decision, and on what precedent are you making that assessment?
Benotti69 said:Still dont understand why Armstrong has not been punished for lying in court under oath. Thought was a serious no no!
MarkvW said:The settlement agreement is a contract. From what I understand, SCA was not induced to enter into that contract by fraud. Such a contract ought to be enforced. That's the argument. One significant weakness in this argument is the fact that the settlement agreement gave the Arbitration panel jurisdiction over the settlement agreement. Another weakness is that the AAA rules permit the award of sanctions. The news reports indicate that the Arbitration Panel didn't just award damages for fraud--it awarded sanctions to SCA for Armstrong's conduct throughout the proceedings.
Armstrong's behavior throughout the entire arbitration proceeding was fraudulent, but SCA did not litigate the arbitration through to completion. Had they done so, it seems clear that they'd now be entitled to undo the arbitration award. I still think that a valid settlement contract cannot be so easily dismissed.
There is a lot that we don't know about the arbitration process, but that ought to be fully explored in the Texas proceedings.
thehog said:It was a deposition under oath. Lies are told all the time or evasions of the truth depo. Vaughters told a varation of a story to imply Armstrong was clean even when Vaughters knew he wasn't.
There were no no's all over the place. Although Armatrong gained financially so rightfully so he should be beaten with the stick the hardest.
Benotti69 said:Still dont understand why Armstrong has not been punished for lying in court under oath. Thought was a serious no no!
frenchfry said:He could always argue that monkey mouth is a heritary disease and he wasn't able to control his lies.
Benotti69 said:Still dont understand why Armstrong has not been punished for lying in court under oath. Thought was a serious no no!
MarkvW said:I'm coming round to TexPat's argument that Lance is as dumb as a box of rocks. Either that, or he is really financially desperate.
MarkvW said:The settlement agreement is a contract. From what I understand, SCA was not induced to enter into that contract by fraud. Such a contract ought to be enforced. That's the argument. One significant weakness in this argument is the fact that the settlement agreement gave the Arbitration panel jurisdiction over the settlement agreement. Another weakness is that the AAA rules permit the award of sanctions. The news reports indicate that the Arbitration Panel didn't just award damages for fraud--it awarded sanctions to SCA for Armstrong's conduct throughout the proceedings.
Armstrong's behavior throughout the entire arbitration proceeding was fraudulent, but SCA did not litigate the arbitration through to completion. Had they done so, it seems clear that they'd now be entitled to undo the arbitration award. I still think that a valid settlement contract cannot be so easily dismissed.
There is a lot that we don't know about the arbitration process, but that ought to be fully explored in the Texas proceedings.
Benotti69 said:I think Armstrong's easiest route through this is the truth, but as has been said on many occasions the guy is a smart as a box of rocks.
Kennf1 said:The arbitration panel's award is 100% based on sanctions. There is no award of actual damages for fraud. The petition filed by SCA today seeks confirmation and enforcement of the sanction award, and this "new" case will be consolidated with the original SCA v. Armstrong case filed in Judge Parker's court. This puts the case in kind of a weird position, since SCA's original case included causes of action for fraud, unjust enrichment, civil contempt and conspiracy. Technically, these causes of action are still pending. When SCA sought to reconvene the arbitration panel, it sought sanctions and forfeiture of the prize money. The panel awarded relief on the first claim, not the second.
Also of note is the fact the panel concluded it had no jurisdiction over Bill Stapleton, while he is still a defendant in the civil district court case. Presumably, his attorneys will file for summary judgment, but SCA's lawyer will argue there remain fraud claims against him in the district court. In short, there's going to be a ton of briefs filed over the next six months (nothing new).
Kennf1 said:The arbitration panel's award is 100% based on sanctions. There is no award of actual damages for fraud. The petition filed by SCA today seeks confirmation and enforcement of the sanction award, and this "new" case will be consolidated with the original SCA v. Armstrong case filed in Judge Parker's court. This puts the case in kind of a weird position, since SCA's original case included causes of action for fraud, unjust enrichment, civil contempt and conspiracy. Technically, these causes of action are still pending. When SCA sought to reconvene the arbitration panel, it sought sanctions and forfeiture of the prize money. The panel awarded relief on the first claim, not the second.
Also of note is the fact the panel concluded it had no jurisdiction over Bill Stapleton, while he is still a defendant in the civil district court case. Presumably, his attorneys will file for summary judgment, but SCA's lawyer will argue there remain fraud claims against him in the district court. In short, there's going to be a ton of briefs filed over the next six months (nothing new).
Kennf1 said:The arbitration panel's award is 100% based on sanctions. There is no award of actual damages for fraud. The petition filed by SCA today seeks confirmation and enforcement of the sanction award, and this "new" case will be consolidated with the original SCA v. Armstrong case filed in Judge Parker's court. This puts the case in kind of a weird position, since SCA's original case included causes of action for fraud, unjust enrichment, civil contempt and conspiracy. Technically, these causes of action are still pending. When SCA sought to reconvene the arbitration panel, it sought sanctions and forfeiture of the prize money. The panel awarded relief on the first claim, not the second.
Also of note is the fact the panel concluded it had no jurisdiction over Bill Stapleton, while he is still a defendant in the civil district court case. Presumably, his attorneys will file for summary judgment, but SCA's lawyer will argue there remain fraud claims against him in the district court. In short, there's going to be a ton of briefs filed over the next six months (nothing new).
Kennf1 said:The arbitration panel's award is 100% based on sanctions. There is no award of actual damages for fraud. The petition filed by SCA today seeks confirmation and enforcement of the sanction award, and this "new" case will be consolidated with the original SCA v. Armstrong case filed in Judge Parker's court. This puts the case in kind of a weird position, since SCA's original case included causes of action for fraud, unjust enrichment, civil contempt and conspiracy. Technically, these causes of action are still pending. When SCA sought to reconvene the arbitration panel, it sought sanctions and forfeiture of the prize money. The panel awarded relief on the first claim, not the second.
Also of note is the fact the panel concluded it had no jurisdiction over Bill Stapleton, while he is still a defendant in the civil district court case. Presumably, his attorneys will file for summary judgment, but SCA's lawyer will argue there remain fraud claims against him in the district court. In short, there's going to be a ton of briefs filed over the next six months (nothing new).
Scott SoCal said:Huh.
Well let's hope for Lance's sake that Thom has made a fortune for LA with the original settlement.
If not.... that $12 million will be some of the most expensive free money ever received.
TexPat said:I'd like to be allowed the honour of writing the cheque on behalf of The Box of Rocks. He often needs help in matters such as these.
Good post Chewie!
Kennf1 said:Also of note is the fact the panel concluded it had no jurisdiction over Bill Stapleton, while he is still a defendant in the civil district court case. Presumably, his attorneys will file for summary judgment, but SCA's lawyer will argue there remain fraud claims against him in the district court. In short, there's going to be a ton of briefs filed over the next six months (nothing new).
Kennf1 said:The arbitration panel's award is 100% based on sanctions. There is no award of actual damages for fraud. The petition filed by SCA today seeks confirmation and enforcement of the sanction award, and this "new" case will be consolidated with the original SCA v. Armstrong case filed in Judge Parker's court. This puts the case in kind of a weird position, since SCA's original case included causes of action for fraud, unjust enrichment, civil contempt and conspiracy. Technically, these causes of action are still pending. When SCA sought to reconvene the arbitration panel, it sought sanctions and forfeiture of the prize money. The panel awarded relief on the first claim, not the second.
Also of note is the fact the panel concluded it had no jurisdiction over Bill Stapleton, while he is still a defendant in the civil district court case. Presumably, his attorneys will file for summary judgment, but SCA's lawyer will argue there remain fraud claims against him in the district court. In short, there's going to be a ton of briefs filed over the next six months (nothing new).
This Arbitration Tribunal awards sanctions of Ten Million Dollars ($10,000,000.00) against Mr. Lance Armstrong and Tailwind Sports Corporation.
ChewbaccaD said:Thank you for the information. I look forward to reading the full decision in a couple of weeks.