For two years now, three time Tour de France winner Greg LeMond and Trek Bicycles have been locked in what has been a public and, at times, a rather bitter battle.
Trek began a licensing partnership in 1995 with LeMond that was terminated on January 30, 2010 thus giving LeMond the rights to the bicycle brand bearing his name. The original dispute began when Trek sued to end their partnership with LeMond after he made comments pointing directly at the brand in relation to doping in the sport of cycling. For his part, LeMond was displeased with Trek due to his belief that Trek was not promoting the LeMond brand.
The settlement comes in the form of two payments of $100,000 by Trek to a charity Lemond is involved with, 1in6.org.