LAS VEGAS (AP) – Opening statements were cancelled Tuesday in a $500 million civil damages trial pitting casino giant MGM Resorts International against contractors at a never-opened Las Vegas Strip hotel tower.
A settlement was reached, Clark County District Court Judge Elizabeth Gonzalez said.
Terms of the agreement between six of the seven parties in the case were confidential.
Gonzalez dismissed a jury seated for a trial that was expected to take at least a year.
Work on the City Center tower stopped about halfway in 2008, after inspectors found steel used on the first 26 stories wouldn’t support the remaining 22 floors.
The rest of the glassy $8.5 billion development opened in 2009.
General contractor Tutor Perini Corp. argued MGM Mirage failed to pay bills.
MGM argued the contractor was responsible for building flaws.
Copyright 2014 The Associated Press.