Business

MGM Might Pay $800 Million in Las Vegas Shooting


Casino giant MGM Resorts told federal regulators Thursday it might pay up to $800 million to settle liability lawsuits stemming from the 2017 mass shooting in Las Vegas -- the deadliest in modern U.S. history.


He said he represents about 4,200 claimants, including those who have sued in Nevada, California and other states, and people who have not formally filed for damages.


Eglet said talks are ongoing with MGM Resorts attorneys, and that he was aware the company would make its report to the SEC.


The plaintiffs are seeking compensation for a range of physical and psychological harm after a shooter rained gunfire from a Mandalay Bay suite into an open-air concert crowd, killing 58 people and injuring more than 800.


They point to findings that the shooter, Stephen Paddock , spent several days amassing an arsenal of assault-style weapons and ammunition in the two-room suite.


Police and the FBI say he acted alone, firing out the windows with guns equipped with rapid-fire bump stocks then killing himself before officers reached his room.






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