F1 Las Vegas Grand Prix Reaches $3 Million+ Settlement In Lawsuit Caused By Race Practice Problems At Inaugural 2023 Race

By Alan Snel, LVSportsBiz.com Publisher-Writer

LAS VEGAS, Nevada — A class action lawsuit filed against the Las Vegas Grand Prix and F1 race owner Liberty Media in 2023 when race organizers sent fans home from a F1 race event practice in Las Vegas has resulted in a settlement of more than $3 million.

The defendants established the settlement fund of $3,047,986 after a utility cover in the F1 race track damaged race cars and prompted the Las Vegas Grand Prix to delay the practice session on the first night of the inaugural three-day street race in the Strip corridor in Nov. 2023. Fans were eventually told to leave, but did not receive a refund from the Nov. 16, 2023 practice.

So, a class action lawsuit was filed. A final approval hearing for the settlement is set for Nov. 4 at 9 AM at the U.S. District Court for the District of Nevada at 333 Las Vegas Blvd. South in downtown Las Vegas, Courtroom 7D. Payments won’t be sent out until after this Nov. 4 hearing.

Here’s the court-approved website: LVGP2023TicketSettlement.com.

If you had a ticket to that one-day practice or the three-day event, you can be eligible for a payment. The deadline to apply for a payment is Aug. 27. The class action lawsuit is contained in this story.

The fourth annual race is set for November and the public LVCVA tourism agency will pay $100 million to the Las Vegas Grand Prix in the form of a ten-year “sponsorship” through 2037.

Local Las Vegas businesses along the F1 race route and in the Strip corridor also filed lawsuits against Las Vegas Grand Prix (and Clark County), alleging they lost millions of dollars in revenue from the controversial race that disrupts commerce and causes traffic problems. F1 has settled those cases.

PSA