Found April 23, 2013 on The Victory Formation:
PLAYERS: Lance Armstrong
And… here… we… go. The next major shoe to drop in what will undoubtedly be a long list of lawsuits has apparently hit the United States court system.  The Federal Government has filed a lawsuit against Lance Armstrong, trying to recoup the sponsorship funds from his days racing under the US Postal Service team’s umbrella. The numbers aren’t completely clear as of now, but the lawsuit could be for anywhere between $17M and $40M, as the lawsuit names other members of the Armstrong team as defendants. Additionally, the Justice Department would likely seek to triple any damages awarded, as allowed by the law. Admittedly, the Postal Service has suffered their share of losses recently, posting as much as a $15B (yes, that’s Billion) loss in the last fiscal year, by some estimates.  In fact, most economists believe the Postal Service loses as much as $25M every single day, so it’s doubtful that this would make any kind of dent in the mounting losses.  But as a symbolic victory (as well as something for other former sponsors to hang their future lawsuits on), it could certainly set a precedent for many more judgements down the road.
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