{"id":237,"date":"2019-12-09T21:29:46","date_gmt":"2019-12-09T21:29:46","guid":{"rendered":"https:\/\/securityofbuffalo.com\/?p=237"},"modified":"2019-12-09T21:35:31","modified_gmt":"2019-12-09T21:35:31","slug":"mgm-resorts-agrees-to-pay-800-million-in-las-vegas-shooting-lawsuit","status":"publish","type":"post","link":"https:\/\/securityofbuffalo.com\/2019\/12\/09\/mgm-resorts-agrees-to-pay-800-million-in-las-vegas-shooting-lawsuit\/","title":{"rendered":"MGM Resorts agrees to pay $800 million in Las Vegas shooting lawsuit"},"content":{"rendered":"<div id='av_section_1'  class='avia-section av-av_section-bbedcb0fc457d4319fdb5e628441284c main_color avia-section-default avia-no-border-styling  avia-builder-el-0  avia-builder-el-no-sibling  avia-bg-style-scroll container_wrap fullsize'  ><div class='container av-section-cont-open' ><main  role=\"main\" itemprop=\"mainContentOfPage\"  class='template-page content  av-content-full alpha units'><div class='post-entry post-entry-type-page post-entry-237'><div class='entry-content-wrapper clearfix'>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_one_full-1e26125d131ba13f1accaa8241be1528\">\n.flex_column.av-av_one_full-1e26125d131ba13f1accaa8241be1528{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-av_one_full-1e26125d131ba13f1accaa8241be1528 av_one_full  avia-builder-el-1  avia-builder-el-no-sibling  first flex_column_div av-zero-column-padding  '     ><section  class='av_textblock_section av-k3yyfwlb-9f719f1ac6770bfdc5d89c15f0dcc137 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><h1 id=\"article-headline\">MGM Resorts agrees to pay $800 million in Las Vegas shooting lawsuit<\/h1>\n<p>Published: Oct 3, 2019 4:21 p.m. ET on <a href=\"https:\/\/www.marketwatch.com\/story\/mgm-resorts-agrees-to-pay-800-million-in-las-vegas-shooting-lawsuit-2019-10-03\">marketwatch.com<\/a><\/p>\n<p>The 2017 mass shooting in Las Vegas was the deadliest shooting in U.S. history<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-239\" src=\"https:\/\/securityofbuffalo.com\/wp-content\/uploads\/2019\/12\/Las-Vegas-shooting-lawsuit.jpg\" alt=\"Las-Vegas-shooting-lawsuit\" width=\"890\" height=\"501\" srcset=\"https:\/\/securityofbuffalo.com\/wp-content\/uploads\/2019\/12\/Las-Vegas-shooting-lawsuit.jpg 890w, https:\/\/securityofbuffalo.com\/wp-content\/uploads\/2019\/12\/Las-Vegas-shooting-lawsuit-300x169.jpg 300w, https:\/\/securityofbuffalo.com\/wp-content\/uploads\/2019\/12\/Las-Vegas-shooting-lawsuit-768x432.jpg 768w, https:\/\/securityofbuffalo.com\/wp-content\/uploads\/2019\/12\/Las-Vegas-shooting-lawsuit-705x397.jpg 705w\" sizes=\"(max-width: 890px) 100vw, 890px\" \/><\/p>\n<p><em>AFP\/Getty Images<\/em><\/p>\n<p>Attorneys for victims of the deadliest mass shooting in modern U.S. history say they\u2019ve reached a settlement to resolve lawsuits that\u2019s expected to pay between\u00a0<a class=\"icon none\" href=\"https:\/\/www.marketwatch.com\/story\/mgm-resorts-to-settle-litigation-relating-to-vegas-shooting-for-735-million-to-800-million-2019-10-03\">$735 million and $800 million<\/a>.<\/p>\n<p>The amount of the settlement with MGM Resorts International\u00a0<span class=\"quote down bgQuote\" data-channel=\"\/zigman2\/quotes\/209932643\/composite\" data-bgformat=\"\"><a class=\"qt-chip trackable\" href=\"https:\/\/www.marketwatch.com\/investing\/stock\/mgm?mod=MW_story_quote\" data-fancyid=\"XNYSStockMGM\" data-track-mod=\"MW_story_quote\">MGM,\u00a0<span class=\"bgPercentChange\">-0.56%<\/span><\/a><\/span>\u00a0\u00a0 depends on the number of plaintiffs who take part, according to a statement from Las Vegas law firm Eglet Adams, which represents nearly 2,500 victims and made the announcement just days after the second anniversary of the massacre.<\/p>\n<p>Hundreds of lawsuits have been filed against the owner of the Mandalay Bay resort where the gunman opened fire into an outdoor concert on Oct. 1, 2017. The casino giant also owns the venue where 58 people died and hundreds were injured.<\/p>\n<p>\u201cOur goal has always been to resolve these matters so our community and the victims and their families can move forward in the healing process,\u201d said Jim Murren, chairman and CEO of MGM Resorts. \u201cThis agreement with the plaintiffs\u2019 counsel is a major step, and one that we hoped for a long time would be possible.\u201d<\/p>\n<p>An independent administrator will be appointed by a court to dole out money from the settlement fund, attorneys and MGM said. They expect to wrap up the process by late next year.<\/p>\n<p>MGM\u2019s insurers will fund a minimum of $735 million. Depending on the number of victims who participate, the company will contribute more, up to $800 million, according to the victims\u2019 attorneys.<\/p>\n<p>\u201cToday\u2019s agreement marks a milestone in the recovery process for the victims of the horrifying events of 1 October,\u201d Robert Eglet, a lead plaintiffs\u2019 counsel, said in the statement. \u201cWhile 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.\u201d<\/p>\n<p>He said the deal \u201crepresents good corporate citizenship\u201d by MGM Resorts.<\/p>\n<p>The statement comes as another attorney for victims planned a news conference on \u201cextremely important developments\u201d Thursday in San Diego.<\/p>\n<\/div><\/section><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":4,"featured_media":239,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MGM Resorts agrees to pay $800 million in Las Vegas shooting lawsuit<\/title>\n<meta name=\"description\" content=\"MGM Resorts agrees to pay $800 million in Las Vegas shooting lawsuit in the 2017 mass shooting in Las Vegas was the deadliest shooting in U.S. history.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/securityofbuffalo.com\/2019\/12\/09\/mgm-resorts-agrees-to-pay-800-million-in-las-vegas-shooting-lawsuit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MGM Resorts agrees to pay $800 million in Las Vegas shooting lawsuit\" \/>\n<meta property=\"og:description\" content=\"MGM Resorts agrees to pay $800 million in Las Vegas shooting lawsuit in the 2017 mass shooting in Las Vegas was the deadliest shooting in U.S. history.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/securityofbuffalo.com\/2019\/12\/09\/mgm-resorts-agrees-to-pay-800-million-in-las-vegas-shooting-lawsuit\/\" \/>\n<meta property=\"og:site_name\" content=\"Security &amp; 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