MGM Resorts to Pay Las Vegas Massacre Victims up to $800 Million
Victims of the 2017 Las Vegas massacre have reached a settlement of at least $735 million with MGM Resorts. MGM said that the size of the agreement is expected to total up to $800 million, depending on the number of complainants who wish to seek the funds.
The settlement comes just after the second anniversary of the deadliest mass shooting in modern American history, which left 59 dead, including the gunman and wounded about 500 people. MGM owns the Mandalay Bay resort and casino where the shooter targeted people attending a country music festival from his hotel room.
“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,” Robert Eglet, the lawyer representing the victims said.