27 Aug Nike Fights Subpoena in Federal Lawsuit Against Armstrong
Nike Inc. is fighting subpoenas for financial documents and witness depositions in the federal government’s lawsuit against former cyclist Lance Armstrong. The government is suing Armstrong to recover more than $30 million the U.S. Postal Service paid to sponsor his teams from 1998-2004
According to an Associated Press report, Nike is arguing they are irrelevant to the case and could compromise trade secrets.
Armstrong and the government both have subpoenaed Nike, which had been one of Armstrong’s major sponsors until it dropped him in 2012 after his use of performance-enhancing drugs was exposed. Damages could go as high as $100 million. The lawsuit was initially filed by former Armstrong teammate Floyd Landis, who stands to collect a portion of any penalty against Armstrong.
The subpoena dispute was set for a Sept. 29 hearing.
The full Associated Press report is here: http://news.yahoo.com/nike-fights-subpoena-federal-lawsuit-against-armstrong-174536462.html