Formula 1 Parent Company Liberty Media Reaches $3M Settlement in Lawsuit Over Las Vegas Grand Prix 2023 Tickets

Formula 1 parent company Liberty Media, which also promotes the Las Vegas Grand Prix, has agreed to a settlement of about $3 million to end a class-action lawsuit brought by spectators regarding the inaugural 2023 race.

The opening-night practice session on Nov. 16, 2023, was halted after nine minutes when Carlos Sainz Jr. drove over a water valve cover that severely damaged his Ferrari. Practice didn’t resume until the early morning hours of Nov. 17, ending at about 4 a.m. local time.

Read more at AP News