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Aug 24, 2012 1:11 PM by Alyse Rzemek

Nike stands by Armstrong

AUSTIN, Texas (AP) - One of Lance Armstrong's sponsors is standing by him, even though he has stopped fighting the drug case brought against him by the U.S. Anti-Doping Agency.

In a statement, Nike says Armstrong "has stated his innocence" and has been "unwavering" on that. The company says it will keep supporting Armstrong and the foundation he set up for cancer survivors.

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