According to Wikipedia (linked above), which describes the 2005 case in detail, Armstrong's legal team has offered a settlement of $1 million.
In a report, an Armstrong spokesman referred to the original settlement signed in February 2006 by SCA President Robert Hamman and Armstrong's agent, Bill Stapleton (who was signing fro both himself and Armstrong). It states ''No party may challenge, appeal or attempt to set aside'' the agreement, which is ''fully and forever binding.''
However, SCA Productions said that Armstrong 's repeated lies -- he denied under oath any use of performance enhancing drugs (PEDs) or any other doping during his cycling career -- means that the case should be be reopened, as those false statements prevented SCA from proving he cheated to win the Tour de France.
The lawsuit said:
Had SCA -- or the Arbitration Panel -- known the truth, the arbitration award and settlement never would have occurred.It is expected more legal actions will begin being filed against Armstrong.
In December of 2012, Lance Armstrong was sued for more than $1.5 million by the British newspaper The Sunday Times over the settlement of a libel action, which followed doping allegations against the cyclist that the paper published. The Sunday Times paid Armstrong 300,000 pounds (currently worth around $485,000) in 2006 to settle a case after it reprinted claims from a book in 2004 that he took performance-enhancing drugs.
The $1.5 million claim was made to recover the initial settlement as well as interest, along with court costs.