Nike, which helped build Lance Armstrong's Livestrong cancer charity into a global brand and introduced its familiar yellow wristband, is cutting ties with the foundation in the latest fallout from the former cyclist's doping scandal.
Lance Armstrong violated his contract with the U.S. Postal Service and "unjustly enriched" himself by cheating to win Tour de France titles, the Justice Department argued in a lawsuit against the cyclist filed on Tuesday.
Lance Armstrong was stripped of his seven Tour de France titles and banned for life by cycling's governing body Monday following a report from the U.S. Anti-Doping Agency that accused him of leading a massive doping program on his teams.
American cyclist Lance Armstrong was part of "the most sophisticated, professionalized and successful doping program that sport has ever seen," the U.S. Anti-Doping Agency said Wednesday in advance of issuing its long-awaited report detailing the evidence it amassed against the seven-time Tour de France champion.