Las Vegas Grand Prix settles class action lawsuit over water valve cover incident

Las Vegas Grand Prix and its parent company Liberty Media Corp. have agreed to pay over $3 million to settle a class-action lawsuit stemming from the inaugural 2023 Formula 1 Las Vegas Grand Prix. A loose water valve cover during the first practice session on November 23, 2023, caused a 2.5-hour delay and damaged multiple race cars, resulting in fans with one-day tickets being sent home without seeing the final practice session. The settlement, which includes attorney fees capped at $914,396, covers fans who purchased one-day practice tickets or three-day race tickets, with the original lawsuit having sought $5 billion.