Las Vegas massacre survivors, families reach $735 mln settlement with MGM

Record ID: 1434897

  • Title: Las Vegas massacre survivors, families reach $735 mln settlement with MGM
  • Date: 3rd October 2019
  • Summary: LAS VEGAS, NEVADA, UNITED STATES (FILE - OCTOBER 2, 2017) (REUTERS) POLICE TAPE IN FRONT OF MANDALAY BAY HOTEL/POLICE AFTER SHOOTING CLOSE-UP OF SIGN ON HOTEL READING: "MANDALAY BAY" VARIOUS OF BROKEN WINDOWS ON FLOOR WHERE SHOOTER WAS LOCATED SIGN NEAR MANDALAY BAY ASKING FOR PEOPLE TO DONATE BLOOD FLASHING LIGHTS ON POLICE CAR POLICE LINE/MANDALAY BAY
  • Embargoed: 17th October 2019 20:51
  • Keywords: Las Vegas shooting Mandalay Bay hotel Stephen Paddock MGM settlement
  • Location: LAS VEGAS, NEVADA, UNITED STATES
  • City: LAS VEGAS, NEVADA, UNITED STATES
  • Country: USA
  • Topics: Crime/Law/Justice,Crime
  • Reuters ID: LVA002AZJO7RB
  • Aspect Ratio: 16:9
  • Story Text: Survivors and family of 58 people who were slain in the deadliest mass shooting in modern U.S. history have reached a settlement of at least $735 million with MGM Resorts, a law firm representing the victims and MGM Resorts International said on Thursday (October 3).
    MGM Resorts owns the Mandalay Bay Hotel in Las Vegas where Stephen Paddock, 64, fired over 1,100 rounds from his 32nd-floor suite into a crowd of 22,000 people at an outdoor country music festival on Oct. 1, 2017, slaying 58 and wounding 800 others before killing himself.
    "While nothing will be able to bring back the lives lost or undo the horrors so many suffered on that day, this settlement will provide fair compensation for thousands of victims and their families," Robert Eglet, a lead counsel representing some 2,500 plaintiffs in the case, said in a statement.
    The total settlement amount might rise to $800 million, depending on how many claimants choose to participate, according to the law firm Eglet Adams.
    "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. This agreement with the plaintiffs' counsel is a major step, and one that we hoped for a long time would be possible," Jim Murren, chairman and chief executive of MGM Resorts said in a statement.
    (Production: Arlene Eiras)
  • Copyright Holder: FILE REUTERS (CAN SELL)
  • Copyright Notice: (c) Copyright Thomson Reuters 2019. Open For Restrictions - http://about.reuters.com/fulllegal.asp
  • Usage Terms/Restrictions: None
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