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.

The jury in Andersen Builders v. Kritikos found contract breaches by Andersen, Mr. Kritikos, and Arcs Construction Services.

Opening statements were heard Tuesday in CVN's webcast of Andersen Builders v. Kritikos.

According to plaintiff attorney Jack Seiler, the case was very simple: "Andersen Builders did the work, did it well, got fired, and didn't get paid." Thirty-two consecutive payment applications were submitted by Andersen and were paid without objection. According to Seiler, the owner, Chris Kritikos, got in an argument with the architect, Peter Gluck. As a result of this dispute, Andersen was not paid for its last eight draws, totaling $548K.