MGM Resorts agreed in lawsuit settlements to pay $800 million to the victims of the 2017 Las Vegas mass shooting that left 58 people dead and hundreds more injured.
The shooter, Stephen Paddock, barricaded himself inside his room on the 32nd floor of the Mandalay Bay hotel – owned by MGM – and proceeded to fire down onto the crowd of a country music festival. It is the deadliest mass shooting in American history.
This settlement comes after MGM’s initial attempts to remove all liability through aggressive legal action. MGM sought to stop victims from recovering any financial compensation from the company using an “Act of Terrorism” policy that was introduced after Sept 11. attacks.
Victims and family members argued and accused MGM of negligence in failing to track Paddock stockpiling high-powered rifles and thousands of rounds of ammunition into one of their hotel rooms.
Due to the “Act of Terrorism” policy and because the security team hired for the concert possessed a special designation from the Department of Homeland Security, MGM argued its interpretation of the law absolved them of any damage claims from victims.
Cochran Firm attorney and one the attorneys representing the victims, Marwan Porter took up case against MGM and filed suit.
MGM, as part of its strategy, began to funnel cases to federal court where the issue could be litigated. MGM sued over 1,000 people trying to file claims against the company. This strategy backfired and stirred great anger against the company.
MGM agreed to settle in what is estimated between $735 million and $800 million. MGM said the settlement isn’t an admission of liability on its part and as part of the agreement will dismiss all pending litigation against the company.