For every action, there's a reaction. Lance Armstorng chose to lie and deceive, Nike chose to drop him like a bad habit. As of January 2012, it had been fifteen years since Nike made the commitment to Lance as an athlete and an advocate. Nike released statement stating that they've made the decision to stop producing new LiveStrong product after its Holiday 2013 line. However, they will continue to support and fund the Livestrong foundation directly.
Info via NIKE,INC