Official Lance Armstrong Thread: Part 3 (Post-Confession)

[thehog]

The courts declined to intervene before, feeling that it was a matter for arbitration. Armstrong tried all the way up to the Texas Supreme Court and was rejected at every turn. Unless Armstrong can show that the Arbitration Panel broke its own rules and seriously violated his rights, it's very unlikely that the courts will intervein.

The court said the matter should be heard by arbitration first before it could make a ruling so it sent it back down and now it will go back up.

I really wish you would read.

 

[frenchfry]

The courts declined to intervene before, feeling that it was a matter for arbitration. Armstrong tried all the way up to the Texas Supreme Court and was rejected at every turn. Unless Armstrong can show that the Arbitration Panel broke its own rules and seriously violated his rights, it's very unlikely that the courts will intervein.

Wasn't that for the USADA doping arbitration?

So many lawsuits, I will have to start taking notes if I want to keep up.

 

[D-Queued]

I'm sure you heard before the panel decided

$10m is low. I thought it was meant to be $12m+

Armstrong will likely appeal to the courts.



http://abcnews.go.com/Sports/wireStory/lance-armstrong-loses-10-million-arbitration-ruling-28999829

Hmmm... glass houses?

It is possible that what was passed along was confused with the Aspen incident. I was advised of Lance news on SCA coming out the day the Aspen incident hit the news. The source could have simply heard that there was legal news, and may not have expected Lance to be smashing up whatever car he could find on the side of the road.

That was barely two seeks ago, however. So the original source appears to have been pretty accurate on timing, n'est-ce pas?

Dave.

 

[Bluenote]

The court said the matter should be heard by arbitration first before it could make a ruling so it sent it back down and now it will go back up.

I really wish you would read.

I wish you would read and learn some basic principles of law. Know more, post less.

Again, unless Armstrong can show the arbitration panel broke its own rules or seriously violated his rights, the courts are unlikely to intervene.

But you and I had this discussion before: RE Floyd and the CAS. You don't understand what an appeal is, what grounds justify an appeal, the burden someone has to prove to get an appeal, etc...

Maybe understand some of this pretty basic stuff before you - smart off? Just a thought.

 

[ChewbaccaD]

I'm sure you heard before the panel decided

$10m is low. I thought it was meant to be $12m+

Armstrong will likely appeal to the courts.



http://abcnews.go.com/Sports/wireStory/lance-armstrong-loses-10-million-arbitration-ruling-28999829

And he'll lose, and pay the $10 Million, plus all of the attorney's fees he'll have to pay for the appeal. Lose/Lose. This will cost well north of $12 Million when it's all over( (oh...you thought Lance's attorneys worked on this for free...). And please, don't troll everyone with your incredible lack of knowledge regarding the efficacy of challenging arbitration decisions in court...because I'll just go ahead and give you a little hint: Courts love arbitration because it alleviates their case load, so the case precedent is DECIDEDLY in favor of confirming arbitration as a process, and arbitration decisions.

 

[Bluenote]

Wasn't that for the USADA doping arbitration?

So many lawsuits, I will have to start taking notes if I want to keep up.

Armstrong tried to take both to courts and lost both. The SCA Case was rejected by State Courts. Armstrong got rather infamously spanked in Federal Court for the USADA case (if memory serves me well).

 

[ChewbaccaD]

The court said the matter should be heard by arbitration first before it could make a ruling so it sent it back down and now it will go back up.

I really wish you would read.

The court did that because they recognize the legitimacy of arbitration, and will almost certainly affirm their decision.

I really wish you had any idea of what you were talking about.

EDIT: This is one of those days that is especially irksome because of thehog's incessant trolling, because what he should do is shove his head even further into the hole in which it already resides, and just STFU, but instead, he brings out TrollKraft Level Moron, and pretends he was right all along...

 

[ChewbaccaD]

I wish you would read and learn some basic principles of law. Know more, post less.

Again, unless Armstrong can show the arbitration panel broke its own rules or seriously violated his rights, the courts are unlikely to intervene.

But you and I had this discussion before: RE Floyd and the CAS. You don't understand what an appeal is, what grounds justify an appeal, the burden someone has to prove to get an appeal, etc...

Maybe understand some of this pretty basic stuff before you - smart off? Just a thought.

Why would he do that? His only cause in life is to fail on Tuesdays (would have been sweet if they'd let us know a day later, right?), and troll The Clinic with conflicting, ignorant, Grade D Trollkraft. It's tiresome, but it's all he really has to occupy his life, so I guess it serves some purpose...

 

[ChewbaccaD]

...and now we await the moronic "this didn't cost Armstrong anything because it was free money" argument by our resident village idiot...

 

[thehog]

Hmmm... glass houses?

It is possible that what was passed along was confused with the Aspen incident. I was advised of Lance news on SCA coming out the day the Aspen incident hit the news. The source could have simply heard that there was legal news, and may not have expected Lance to be smashing up whatever car he could find on the side of the road.

That was barely two seeks ago, however. So the original source appears to have been pretty accurate on timing, n'est-ce pas?

Dave.

effet d'annonce.

So on the whole he's $2m up after having that interest free money for 9 years. Good bet! Armstrong needs to work at goldmans

Alas I'm sure he'll appeal. Again. Probably not over until the fat lady sings.

 

[ChewbaccaD]

...and now we await the moronic "this didn't cost Armstrong anything because it was free money" argument by our resident village idiot...

effet d'annonce.

So on the whole he's $2m up after having that interest free money for 9 years. Good bet! Armstrong needs to work at goldmans

Alas I'm sure he'll appeal. Again. Probably not over until the fat lady sings.

Call me motherfu*king Nostradamus.

Good post, Chewie!

 

[TourOfTexas]

Anyone have an estimate on Armstrong's net worth? I'd love to see him go bankrupt and live in a cardboard box.

 

[ChewbaccaD]

effet d'annonce.

So on the whole he's $2m up after having that interest free money for 9 years. Good bet! Armstrong needs to work at goldmans

Alas I'm sure he'll appeal. Again. Probably not over until the fat lady sings.

Did you subtract the cost of litigation, and consider the actual cost to Armstrong now, as it relates to his current financial state? Because any competent financial sector employee would have done so...

 

[thehog]

Anyone have an estimate on Armstrong's net worth? I'd love to see him go bankrupt and live in a cardboard box.

I think he's doing a good job and he should invest in that cardboard box now. He might get it cheap.

 

[Scott SoCal]

Did you subtract the cost of litigation, and consider the actual cost to Armstrong now, as it relates to his current financial state? Because any competent financial sector employee would have done so...

Dude, DUUUUUDE!

Look, everyone knows the $12m bonus was, in fact, tax free. Everyone also knows the $12M was invested in equities and that Thom prolly nailed some ridiculous rates of return..... never mind 2008 and 2009.

So, yeah, in Hog's world Armstrong wins and just keeps on winning. Losing the SCA case is a good thing because he can finally start cleaning up the long-term liabilities on his balance sheet.

 

[thehog]

I note the angry people have returned.

 

[thehog]

I note the angry people have returned.

Even Tillotson agrees there will be an appeal. So much for our resident legal experts, LOL!

The panel were hard on Armstrong though. Poor guy

Perjury must never be profitable. Justice in courts of law and arbitration tribunals is impossible when parties feel free to deliberately deceive judges or arbitrators. The case yet again before this Tribunal presents an unparalleled pageant of international perjury, fraud and conspiracy. It is almost certainly the most devious sustain[/I]ed deception ever perpetrated in world sporting history. Tailwind Sports Corp. and Lance Armstrong have justly earned wide public condemnation. That is an inadequate deterrent. Deception demands real, meaningful sanctions. This Arbitration Tribunal awards sanctions of Ten Million Dollars ($10,000,000.00) against Mr. Lance Armstrong and Tailwind Sports Corporation.



Armstrong?s attorneys, who have refused to comment throughout this entire proceeding, can still fight the panel?s ruling. Tillotson expects they will.

?But since it?s an arbitration award, it?s a huge, huge uphill battle to try to set it aside,? says the attorney. The $10 million is ?to punish him and compensate us. We?ll continue to fight them on other claims, but as a first step toward getting compensation for what Armstrong did to SCA, this is a great first step.?

http://thescoopblog.dallasnews.com/...las-sports-insurance-company-10-million.html/

 

[Semper Fidelis]

Thank goodness it is over.

Now we can go back to the drunk driving case.

 

[RobbieCanuck]

The best comment of all?

"Armstrong's attorney, Tim Herman, declined comment."

He was too busy preparing his statement of account to Armstrong for his questionable legal advice!!!

 

[ChewbaccaD]

Even Tillotson agrees there will be an appeal. So much for our resident legal experts, LOL!

The panel were hard on Armstrong though. Poor guy



http://thescoopblog.dallasnews.com/...las-sports-insurance-company-10-million.html/

Only a moron who cannot read comprehensively would think I precluded appeal. Certainly he will appeal, he's only slightly less of a moron than certain Tuesday loving members of this forum...

He'll lose, but that has never stopped Armstrong. When he sets his mind to doing something, even if it is completely moronic and illogical, he does it.

I am happy he will appeal, as it will raise the actual loss significantly because the case law on this is decidedly against him, so his attorneys will have to dance like the ugly girls at the Yellow Rose to try to make something happen...and they'll fail, but failure still pays in legal circles...

I'd detail for you the mountain of precedent that Armstrong will have to overcome, but you're not equipped to understand it, so why bother, right?

 

[mewmewmew13]

I am happy that poor Mr Herman and all the other legal team will continue to get their biweekly paychecks from Wonderboy.
I was a little worried there for awhile that they would have to downsize..

 

[ChewbaccaD]

In other news, egg futures are up:

 

[DirtyWorks]

Anyone have an estimate on Armstrong's net worth? I'd love to see him go bankrupt and live in a cardboard box.

An award, whatever the final number is, has to be collected. After the case fails in appeal, SCA still has to negotiate collection.

It's a big number right now and symbolically good as he and his legal had completely gamed arbitration. The actual number should be quite a bit smaller. For example, stretching out payments over a decade heavily discounts the topline number. Declaring he just doesn't have the money and curating "proof" of this and, and, and, and.... will shrink the number some more.

It is a good topline number and an appropriate response from the arbitrators.

 

[D-Queued]

effet d'annonce.

So on the whole he's $2m up after having that interest free money for 9 years. Good bet! Armstrong needs to work at goldmans

Alas I'm sure he'll appeal. Again. Probably not over until the fat lady sings.

faire l'effet d'une bombe

Too many bombs going off right now.

And, with respect to the inside information, here is what I got and when I got it:

Sent: Monday, February 02, 2015 5:55 AM
To: <>
Subject: <>

...

SCA verdict expected today but don't say anything. Oh, and <>. Keep both to yourself.

Perhaps some legal wrangling kept it from us for the two week lapse.

I'll tell you about the "Oh, and <>" later.



Dave.

 

[thehog]

Thank goodness it is over.

Now we can go back to the drunk driving case.

Yes, that was much more interesting. The fuel for the angry people is a little scary! They just get more angry

Still don't think he'll pay anywhere near $10m but not sure I can hang on till 2018 to find out!