Lance Armstrong, the embattled former cyclist, has been ordered to pay $10 million to sports insurance firm SCA Promotions because of his perjured statements about doping during the height of his career.

Lance Armstrong’s $10 Million Perjury Battle

An arbitration panel ruled that Armstrong and Tailwind Sports Corp. owe SCA millions since the company paid roughly $12 million in bonuses during Armstrong’s career, in which he infamously doped, and then lied about it under oath.

“Perjury must never be profitable,” the panel wrote in its ruling, adding of Armstrong and Tailwind that they “expressed no remorse to the panel for their wrongful conduct and continued to lie to the panel throughout the final hearing even while admitting to prior falsehoods and other wrongful conduct.”

“The case yet again before this tribunal presents an unparalleled pageant of international perjury, fraud and conspiracy,” the arbitrators continued in their 2-1 ruling. “It is almost certainly the most devious sustained deception ever perpetrated in world sporting history.”

Armstrong’s attorney Tim Herman, who called the award “unprecedented,” plans to fight the arbitration panel’s order.

“This award is unprecedented,” Herman said in a statement to USA Today Sports. “No court or arbitrator has ever reopened a matter which was fully and finally settled voluntarily. In this matter SCA repeatedly affirmed that it never relied upon anything Armstrong said or did in deciding to settle (in 2006).”

As for SCA, the company is unsurprisingly satisfied with the panel’s findings. “We are very pleased with this result,” SCA president and founder Bob Hamman said in a statement. “It is hard to describe how much harm Lance Armstrong’s web of lies caused SCA but this is a good first start towards repairing that damage.”

Armstrong has yet to comment on the ruling.