MGM Agrees to Pay Las Vegas Shooting Victims Up to $800 Million

The New York Times reported last week.

The settlement would resolve claims that MGM was negligent in allowing the killer to stockpile weapons and ammunition at its Mandalay Bay hotel.

The company that owns the Las Vegas hotel where a gunman opened fire from his room onto a country music festival two years ago, killing 58 and wounding hundreds of others, agreed on Thursday to pay up to $800 million to settle lawsuits filed by victims.

MGM Resorts International, which owns the hotel, Mandalay Bay, announced the settlement, ending what had become a closely watched case about liability in mass shootings.

The killer, Stephen Paddock, holed up inside his room on the 32nd floor with a cache of weapons and fired at thousands of music fans as the night’s final concert began. It was the deadliest mass shooting in modern American history.

Thursday’s settlement appears to resolve litigation that had raised novel and significant issues of law, including how culpable large companies and property owners are in mass-casualty attacks.

Read their full report at https://www.nytimes.com/2019/10/03/us/mgm-las-vegas-shooting-settlement.html