Judge approves $800M Las Vegas shooting settlement
LAS VEGAS (AP) — A court on Wednesday approved a total of $800 million in payouts from casino company MGM Resorts International and its insurers to more than 4,400 relatives and victims of the Las Vegas Strip shooting that was the deadliest in recent U.S. history.
The action makes final a deal announced earlier this month and settles dozens of lawsuits on the eve of the third anniversary of the shooting that killed 58 people and injured more than 850 at an open-air concert near the Mandalay Bay resort.
Clark County District Court Judge Linda Bell, in her brief order, cited “near-unanimous participation in the settlement among potential claimants.”
Authorities said more than 22,000 people were attending an outdoor music festival when a gunman firing military-style weapons from windows on the 32nd floor of the Mandalay Bay rained rapid-fire bullets into the crowd.
MGM Resorts, owner of the hotel and the concert venue, acknowledged no liability with the settlement. It will pay $49 million, while its insurance companies will pay $751 million.
“We are grateful that the decision brings families, victims and the community closer to closure,” the company said in a statement. It noted the anniversary of the Oct. 1, 2017, event, calling it “a time of great sadness and reflection.”
Memorial ceremonies are scheduled Thursday at several venues in Las Vegas, including a reading of the names of the slain beginning at 10:05 p.m. — the time the first shots rang out.
Attorney Robert Eglet, the plaintiffs’ lawyer who spent a year arranging the settlement with clients, legal firms and attorneys in at least 10 states, said amounts to be disbursed will be determined by two retired judges and he’s hopeful that payments will begin going out by the end of the year.
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