Armstrong loses appeal, $12 million arbitration case to proceed

  • by: JIM VERTUNO , Associated Press
  • Updated: April 24, 2014 - 6:05 PM

AUSTIN, Texas — A Texas appeals court has rejected Lance Armstrong's attempts to block an arbitration panel from reviewing $12 million in bonuses paid to him by a company that wants its money back, a setback for the cyclist who is fighting multiple legal battles that could strip him of his personal fortune.

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