logo
  Join        Login             Stock Quote

Shegerian & Associates Founder Cites Lance Armstrong's Former Teammate Floyd Landis as "Brave Whistleblower"

Wednesday, January 30, 2013 3:28 PM


Carney R. Shegerian, founder of Shegerian & Associates, a Santa Monica-based law firm specializing in employee rights, has issued a statement aimed at all US employees in light of the current news coverage surrounding Lance Armstrong. In his statement, Shegerian singles out former Armstrong teammate Floyd Landis for bravely acting as a whistleblower in the case surrounding Armstrong and his team and refers to Landis as “an inspiration to employees nationwide who choose not to simply ignore wrongdoing by their employers.”

On January 17, 2013, Liz Clarke reported in the Washington Post: “Landis has targeted not only Lance Armstrong but also three of Armstrong's closest associates … in the whistleblower lawsuit that has been under judicial seal for more than 2 1/2 years.” She noted that in the suit, Landis “claims that Armstrong and his associates defrauded the federal government by accepting roughly $30 million in sponsorship money to bankroll a U.S. Postal Service Pro Cycling team that was fueled by performance-enhancing drugs.”

Clarke wrote: “Landis was a member of the U.S. Postal Service team from 2002 through 2004, and his whistleblower suit details his own use of banned substances and blood-doping practices along with numerous instances of Armstrong and other teammates doing the same.… Landis was stripped of his 2006 Tour de France championship after a positive drug test. He now stands to collect millions if his case, filed under the federal False Claims Act, goes forward and succeeds.”

“While Mr. Landis participated in illegal performance enhancing activity himself, and is indeed a controversial figure in the world of cycling, he clearly reached a point where he no longer could sit idle,” said Shegerian. “He was the brave cyclist who finally stepped forward and admitted what was going on in his sport and with his team, and is likely now to benefit financially and legally as a result. There’s an important lesson to be learned here, and that is that when the truth finally does come out, the whistleblowers must be protected by the law, and can stand to benefit tremendously if their careers have suffered as a result of their whistleblowing.”

Landis is seeking repayment of the roughly $30 million in U.S. Postal Service sponsorship money, as well as additional penalties and reimbursement of his legal fees.

An experienced trial attorney, Shegerian has tried many jury trials to verdict in both state and federal court, representing individuals that have suffered financial or emotional losses and have been wronged by employers, including major corporations. Shegerian has built a remarkable career on helping those who have been wronged in the workplace. He remains undefeated in federal jury trials and has won over 60 jury trials, including 23 seven figure verdicts representing employees.

Located Santa Monica, Shegerian & Associates is a law firm specializing in protecting the rights of employees who have been wronged by their employers. Richly experienced in labor and employment law and possessing an unparalleled success record as litigators (Carney Shegerian himself has won over 60 jury trials in his career, including 23 seven figure verdicts, and he remains undefeated in federal jury trials), Shegerian & Associates is passionately dedicated to serving the needs of its clients. For more information, visit www.ShegerianLaw.com.

(Source: Business Wire )
(Source: Quotemedia)

Advertisement
Advertisement



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.