MGM Agrees to Pay Las Vegas Shooting Victims Up to $800 Million – The New York Times
MGM Resorts International has agreed to pay up to $800 million to settle lawsuits from victims of the October 2017 mass shooting in Las Vegas that left 58 people dead and hundreds of others injured.
The killer, Stephen Paddock, holed up inside his room on the 32nd floor of the Mandalay Bay hotel, which MGM owns, and then fired into the crowd at a country music festival below. It was the deadliest mass shooting in modern American history.
One of the lawyers for the victims, Robert Eglet, said on Thursday the settlement would be in the range of $735 million to $800 million and would resolve “substantially all” of the lawsuits and claims against MGM related to the massacre.
“While nothing will be able to bring back the lives lost or undo the horrors so many suffered on that day, this settlement will provide fair compensation for thousands of victims and their families,” Mr. Eglet said in a statement, adding that the deal “represents good corporate citizenship on” the part of MGM.