Although the details of the settlement were confidential, it involved a $200,000 donation by Trek to, a charity with which LeMond is affiliated. These lawsuits were settled in February 2010. In connection with that announcement Trek also gave a short timeline of the Trek-Greg LeMond association. In April 2008 Trek countersued and stopped building bikes under the LeMond brand.
His complaint included statistics detailing slow sales in some markets, including the fact that between September 2001 and June 2007, Trek only sold $10,393 worth of LeMond bikes in France, a country in which LeMond remains both famous and popular. In March 2008 LeMond Cycling Inc filed a complaint against Trek for breach of contract, claiming that they had not made a "best efforts" attempt to sell his bicycles, as well as describing the attempts to 'silence' him about doping, including incidents in 20. LeMond read a formal apology to Armstrong. Burke reminded LeMond of this commitment, and strongly argued that LeMond publicly retract his statements. LeMond's contract with Trek had a clause prohibiting LeMond from doing anything that would damage Trek. In 2001 the Trek deal proved painful for LeMond as he was forced by John Burke, the head of Trek, to apologize for the negative comments about Michele Ferrari, doping, and Lance Armstrong, who was by then a very important marketing force for Trek. LeMond would later claim that going into business with Trek "destroyed" his relationship with his father. While LeMond briefly led the 1991 Tour while riding his Carbonframes-produced "Greg LeMond" bicycle, the company faltered, something LeMond blamed on "undercapitalization" and poor management by his father, although Carbonframes and LeMond Cycles "parted amiably two years later." In 1995, LeMond reached a licensing agreement with Trek, according to which the Wisconsin-based company would manufacture and distribute bicycles designed with LeMond that would be sold under the "LeMond Bicycles" brand. In 1990, searching for an equipment edge for Team Z at the 1991 Tour de France, LeMond concluded an exclusive licensing agreement between his company and Carbonframes, Inc., to access the latter's advanced composites technology. In 1986, LeMond founded LeMond Bicycles to develop machines for himself that would also be marketed and sold to the public. In August 2014, Greg LeMond launched the Washoe, a Reynolds 853 steel bike manufactured in the United States. In September 2013, LeMond partnered with Time Sports to produce a limited run of 300 frames to commemorate his three Tour victories in 1986, 1989, and 1990.
#GREG LEMOND TEAM Z PLUS#
From 1995 until February 2010 Trek licensed LeMond's name for use on a line of its bicycles, believing that the cachet of the name, a diversifying brand portfolio, plus having models offering a longer top tube than Trek's frame geometries helped to expand the bicycle-sales opportunities for the Trek corporation. This was to stretch out the rider on the bicycle, with the intent of both lowering the frontal area presented to the wind, and optimizing power and stability. LeMond offered a geometry based on the racing frames he used in competition, which had a longer top tube and wheelbase in an otherwise traditional lightweight steel frame. LeMond Racing Cycles was a bicycle manufacturer founded by Greg LeMond, an American winner of the Tour de France.
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