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9th Circ. OKs $75M Settlement In MGM CityCenter Suit

Law360, New York (September 18, 2017, 2:29 PM EDT) -- The Ninth Circuit on Friday signed off on MGM Resorts International's $75 million settlement of a shareholder suit accusing the company of misleading investors about issues with its $9 billion CityCenter development, rejecting an objection that class notice was inadequate and a 25 percent award of attorneys' fees was unreasonable.

The three-member appellate panel in its unanimous and unpublished ruling said that while objector Nickolas Kacprowski had standing to appeal the settlement approval, claims administrator Gilardi & Co. LLC’s “extensive” notice efforts were satisfactory and the...
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Case Information

Case Title

In re: Nickolas Kacprowski v. MGM Mirage, et al


Case Number

16-15534

Court

Appellate - 9th Circuit

Nature of Suit

3850 Securities, Commodities, Exchange

Date Filed

March 29, 2016

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