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Breaking News: Perini v. MGM Settles Moments Before Trial to Open

Posted by Arlin Crisco on Dec 16, 2014 12:50:00 PM

Perini v. MGM Mirage Design Group, the suit involving nearly a half-billion dollars in claims, has settled for a currently undisclosed amount, according to multiple sources. CVN will provide more information as it becomes available. 


 

Las Vegas—Shortly before opening statements were to begin in Perini v. MGM Mirage Design Group, the nearly $500-million construction defect suit involving MGM’s CityCenter development project, parties settled the case according to multiple sources. The terms of the settlement were not immediately disclosed, but CVN will provide more information as it becomes available.

The settlement ends years of legal wrangling between scores of parties. The lawsuit revolved around the Harmon Hotel, a 48-story, luxury tower intended to be the jewel of the $8.5 billion Las Vegas CityCenter development. Construction on the Harmon ceased in 2008, after inspectors determined the building was structurally unsound. The hotel sat empty as the rest of the CityCenter opened in 2009. The Harmon was eventually dismantled, as building contractors and property owners argued over the tower's fate and who should be held responsible. Contractor Tutor Perini Corp. and its subcontractors contended that MGM Mirage Design Group and other property owners owed them more than $492 million on the project, while the defendants claimed that Perini and its subcontractors were liable for defects that made the building uninhabitable.

 

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Topics: Construction, CVN National, Perini Building Co. v. MGM Mirage Design Group, CVN News

Half-Billion-Dollar Vegas Construction Defect Trial to Open Tuesday

Posted by Courtroom View Network on Dec 10, 2014 7:19:00 PM

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Topics: Negligence, Construction, CVN National, News, Perini Building Co. v. MGM Mirage Design Group

Opening This Week on CVN

Posted by Courtroom View Network on Nov 2, 2014 2:00:00 PM

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Topics: Negligence, Andy Allen v. RJR, Medical Malpractice, Tobacco Litigation, CVN Florida, CVN National, News, Webb v. R.J. Reynolds, Bernard Paul v. Health Plan of Nevada

Opening Statement of the Week: D'Lesli Davis in Alsabagh v. Takeda

Posted by Arlin Crisco on Oct 27, 2014 10:41:00 AM


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Topics: Products Liability, Pharmaceutical, Opening Statement of the Week, Trial Techniques, CVN National, Allen Alsabagh v. Takeda Pharmaceutical Industries

Delaware Supreme Court Rules Mistake in Termination of $1.5B J.P. Morgan Loan Stands Under UCC

Posted by Arlin Crisco on Oct 23, 2014 2:58:00 PM


The Delaware Supreme Court has found that a mistake in a UCC-3 termination statement does not invalidate the document under the state's Uniform Commercial Code. The decision, on a certified question from the United States Court of Appeals for the Second Circuit, and after oral arguments broadcast by CVN, affects a nearly $1.5 billion loan by J.P. Morgan to the former General Motors. In re Motors Liquidation Co.

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Topics: UCC, CVN National, News, In Re Motors Liquidation Co.