MGM Resorts on Thursday agreed to pay up to US$800 million to victims of the 2017 mass shooting outside its Mandalay Bay Casino & Resort in Las Vegas.
On October 1, 2017, a gunman on the 32nd floor of the MGM-owned Mandalay Bay opened fire on a crowd of concert-goers, killing 58 and injuring hundreds.
Lawyers representing survivors and victims wanted MGM to be held liable for negligence, as the shooter was able to enter the hotel with luggage containing an arsenal of firearms.
Under the settlement agreement, the parties will dismiss and release all pending litigation against MGM Resorts. However, MGM notes that the proposed settlement is not an admission of liability by MGM Resorts.
According to people familiar with the case, the settlement will see more than 4,000 survivors and relatives of those killed would be eligible for payments through a victim’s compensation fund, with the payout process expected to be completed by late 2020.
Last year, MGM came under fire for aggressively trying to avoid liability by countersuing victims, not to seek monetary compensation, but protection from their legal actions.
The company appears to have adopted a change of tune last Thursday, with MGM Resorts Chairman and CEO Jim Murren saying that “prolonged litigation around these matters is in no one’s best interest. It is our sincere hope that this agreement means that the scenario will be avoided… Our goal has always been to resolve these matters so our community and the victims and their families can move forward in the healing process.” (AGB)