Updated: Saturday, 02 March 2013 04:43 | By Agence France-Presse

Disgraced Armstrong faces two new lawsuits

Lance Armstrong was facing two more lawsuits on Friday in the wake of his admission that all seven of his Tour de France victories were fueled by banned drugs.

The Nebraska-based Acceptance Insurance Company sued Armstrong and Tailwind Sports Corporation claiming Armstrong committed fraud by concealing his use of performance-enhancing drugs during the 1999, 2000 and 2001 Tours.

Armstrong was also sued in federal court in Los Angeles on Thursday in a class-action lawsuit claiming Armstrong and FRS -- a maker of nutritional supplements -- engaged in false advertising.