LAS VEGAS (CelebrityAccess) – 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, the company said in a statement Thursday.
The shooter, Stephen Paddock, who was staying on the 32nd floor of the Mandalay Bay hotel, which MGM owns, fired into the crowd at a country music festival below, killing 58 people and leaving hundreds of others injured. The incident was the deadliest mass shooting in modern American history.
Robert Eglet, a lead attorney for the plaintiffs, 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,” Eglet said. “MGM Resorts is a valued member of the Las Vegas community and this settlement represents good corporate citizenship on their part. We believe that the terms of this settlement represent the best outcome for our clients and will provide the greatest good for those impacted by these events.”
The settlement closely resembles what MGM said in May was a “reasonably possible” outcome from mediation with the plaintiffs, however, the company maintains that the settlement is not an admission of liability in the October 1, 2017, mass shooting.