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Civil Plaintiff

MGM Estimates $800M To End Las Vegas Shooting Suits

Casino giant MGM Resorts has told federal regulators it thinks it might pay up to $800 million to settle liability lawsuits stemming from the October 2017 mass shooting that became the deadliest in modern U.S. history.

The company also told the Securities and Exchange Commission it is insured for $751 million of that amount.

However, a Las Vegas plaintiffs’ lawyer heading out-of-court talks with the company called it premature for MGM Resorts to report that it’s “reasonably possible” a settlement will be reached by May 2020.

Attorney Robert Eglet said nothing is signed and called the company figure “not probable.”

Eglet represents about 4,200 claimants who say they were harmed when a shooter rained gunfire from a Mandalay Bay resort suite into an open-air concert, killing 58 people and injuring more than 800.

Read the source article at MarketWatch

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