The New York Times reports:
MGM Resorts International has agreed to pay up to $800 million to settle lawsuits from victims of the October 2017 mass shooting in Las Vegas that left 58 people dead and hundreds of others injured.
The killer, Stephen Paddock, holed up inside his room on the 32nd floor of the Mandalay Bay hotel, which MGM owns, and then fired into the crowd at a country music festival below. It was the deadliest mass shooting in modern American history.
One of the lawyers for the victims, Robert Eglet, said on Thursday the settlement would be in the range of $735 million to $800 million and would resolve “substantially all” of the lawsuits and claims against MGM related to the massacre.
MGM owns the Mandalay Bay resort-casino, where the shooter targeted people attending a country music festival from his hotel room. Hundreds of survivors lodged separate claims against MGM for failing to properly monitor the shooter’s activities and employ adequate security measures.
The shooter had stockpiled weapons and ammunition at the hotel in the days leading up to the shooting.
The company separately sued more than 1,000 victims and relatives nearly a year after the incident to avoid liability claims. MGM contended the lawsuits and potential claims should be dismissed because a 2002 federal law shielded the company from liability since it was using anti-terrorism technology the night of the deadly attack.