Las Vegas NowI-Team: Front Sight Members Take Last Shot and Win

I-Team: Front Sight Members Take Last Shot and Win

A settlement has been reached between a local gun range and its members. The $8 million dollar deal ends the class action lawsuit against the Front Sight Firearms Training Institute.

I-Team Reporter Colleen McCarty first broke the story about allegations of fraud and racketeering at the resort a few years ago.

On Monday morning, in a California federal court, a judge approved the final settlement agreement. Under its terms, qualified Front Sight members will receive a full refund with the total amount not to exceed $8 million.

Some members filed a class action lawsuit in 2005, alleging among other things, racketeering, fraud and breach of contract. At issue, according to court documents, were people who purchased memberships between 1997 and 2003 and paid substantially higher prices than those who joined later.

Read the Final Judgement and Order of Dismissal with Prejudice Document

Some members paid six figures for a membership and an acre of land in what was supposed to be a housing development at the site. They never received deeds to the land and the development has yet to materialize.

More than 190 members have filed to receive refunds estimated at between $6 and $7 million dollars according to attorney Keith Greer.

Front Sight must pay 10-percent of its monthly earnings to the settlement fund. The company has one year to pay off the members or they can foreclose on the facility. According to court documents, the property and water rights are valued at more than $48 million dollars.

Click here to email reporter Colleen McCarty.