MGM Resorts to Pay up to $800 Million in Vegas Massacre Settlement

The gunman in the mass shooting on the Las Vegas Strip on October 2, 2017, has been identified as 64-year-old Stephen Paddock, Las Vegas Sheriff Joseph Lombardo said Monday morning.

“Two years have gone by and there is still no plausible explanation from city, state or federal law enforcement.”

Source: Fox Business

MGM Resorts agreed to paid up to $800 million in a settlement with plaintiffs who alleged the company was liable in the 2017 Las Vegas mass shooting, lawyers said Thursday.

Stephen Paddock shot and killed 58 people, injuring more than 800, from the 32nd floor of MGM Resorts’ Mandalay Bay. Paddock, 64, brought a massive stockpile of weapons in bags and luggage into his hotel room before firing more than 1,100 rounds of ammunition on a crowd at a country music festival. The massacre was the deadliest mass shooting in U.S. history.

“Burn in Hell, you bastard.”

MGM’s insurers will to pay the settlement, worth between $735 million and $800 million, by late 2020, the lawyers said.

“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,” Jim Murren, chairman and CEO of MGM Resorts, said in a statement. “This agreement with the Plaintiffs’ Counsel is a major step, and one that we hoped for a long time would be possible. We have always believed that prolonged litigation around these matters is in no one’s best interest. It is our sincere hope that this agreement means that scenario will be avoided.”

With the settlement, the plaintiffs agreed to drop lawsuits that alleged that MGM caused physical and psychological harm by allowing Paddock to stockpile the weapons. A court will appoint an independent claims administrator to divvy up money among the plaintiffs.

MGM Resorts to Pay up to $800 Million in Vegas Massacre Settlement

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