"Lance and his representatives worked constructively over these last weeks with federal lawyers to resolve this case fairly, but those talks failed because we disagree about whether the Postal Service was damaged, " Luskin said.

CNN: Feds join whistle-blower lawsuit against Lance Armstrong

Over the past decade, Lance Armstrong did more than inspire tens of thousands of Americans to take up cycling.

WSJ: Lance Armstrong's Fall Has Created Backlash Among Cyclists Over the Bright Lycra Outfit

Over a ten year period there is evidence Lance paid Italian Dr. Michele Ferrari a million dollars for his reputed PED expertise.

FORBES: Lance And Oprah Sittin' In A Tree

The company has also signed Indiana Pacers Guard Lance Stephenson as the first endorser of its new line and plans on bringing on 4 or 5 additional players over the course of 2013.

FORBES: AND1 Ready For Legendary Comeback