MGM Might Pay $800 Million in Las Vegas Shooting Settlement - NBC10 Boston
National & International News
The day’s top national and international news

MGM Might Pay $800 Million in Las Vegas Shooting Settlement

MGM Resorts has defended itself against liability claims, outraging victims last summer when it filed lawsuits against more than 1,900 people in a bid to consolidate claims in one federal court

Find NBC Boston in your area

Channel 10 on most providers

Channel 15, 60 and 8 Over the Air

    processing...

    NEWSLETTERS

    MGM Might Pay $800 Million in Las Vegas Shooting Settlement
    John Locher/AP, File
    In this Oct. 3, 2017, file photo, windows are broken at the Mandalay Bay resort and casino in Las Vegas, the room from where Stephen Craig Paddock fired on a nearby music festival, killing 58 and injuring hundreds on Oct. 1. Casino giant MGM Resorts International is entering settlement talks with plaintiffs who allege negligence led to the deadliest mass shooting in modern U.S. history on the Las Vegas Strip. In a statement Friday, Oct. 26, 2018, the company said it hopes to avoid years of litigation in civil lawsuits in federal courts in Nevada, California and five other states.

    Casino giant MGM Resorts told federal regulators Thursday it might pay up to $800 million to settle liability lawsuits stemming from the 2017 mass shooting in Las Vegas — the deadliest in modern U.S. history.

    "The company believes it is reasonably possible that a settlement will be reached" by next May, it told the Securities and Exchange Commission in a quarterly report.

    MGM Resorts also said it has $751 million in insurance to pay toward a settlement.

    However, a lawyer handling mediation talks for plaintiffs called it premature for the corporate owner of Mandalay Bay resort to report a possible settlement range between $735 million and $800 million.

    Astronauts Make History With NASA's First All-Female Spacewalk

    [NATL] Astronauts Make History With NASA's First All-Female Spacewalk

    American astronauts Jessica Meir and Christina Koch made history Friday with NASA's first all-female spacewalk. The astronauts walked outside the International Space Station to replace a faulty battery.

    (Published Friday, Oct. 18, 2019)

    "We're not even close to resolving all the terms and issues before we have a settlement," attorney Robert Eglet said.

    He said he represents about 4,200 claimants, including those who have sued in Nevada, California and other states, and people who have not formally filed for damages.

    "It's true that a settlement is possible," Eglet said. "But I will tell you it's not probable. Nothing is signed. We have a long way to go before we have an agreement."

    Eglet said talks are ongoing with MGM Resorts attorneys, and that he was aware the company would make its report to the SEC.

    Eglet said he reviewed the SEC document on Thursday and agreed that a settlement should be reached within a year.

    Company spokeswoman Debra DeShong said progress has been made after multiple mediation sessions over several months.

    South Philly Explosions Seen from Inside the Facility

    [NATL-PHI] Philadelphia Refinery Explosions Seen From Facility Cameras

    Cameras inside the Philadelphia Energy Solutions refinery caught on video the massive blasts early June 21 from just yards away. Here is what explosions of hundreds of thousands of pounds of explosive chemicals looks like up close. The video is from Philadelphia Energy Solutions, via the U.S. Chemical Safety Board.

    (Published Thursday, Oct. 17, 2019)

    The goal is "to resolve these matters so that all impacted can move forward in their healing process," she said.

    MGM Resorts has defended itself against liability claims, outraging victims last summer when it filed lawsuits against more than 1,900 people in a bid to consolidate claims in one federal court.

    The plaintiffs are seeking compensation for a range of physical and psychological harm after a shooter rained gunfire from a Mandalay Bay suite into an open-air concert crowd, killing 58 people and injuring more than 800.

    They accuse MGM Resorts, which owns the high-rise hotel and owned the concert venue across Las Vegas Boulevard, of failing to adequately protect the 22,000 people attending the Route 91 Harvest Festival.

    They point to findings that the shooter, Stephen Paddock, spent several days amassing an arsenal of assault-style weapons and ammunition in the two-room suite.

    Paddock was a 64-year-old retired accountant and high-stakes video poker player.

    Tentative Deal Reached Between UAW and GM

    [NATL] Tentative Deal Reached Between UAW and GM

    A tentative deal between General Motors and the United Auto Workers has been reached and could bring an end to a strike which began in September.

    (Published Wednesday, Oct. 16, 2019)

    Police and the FBI say he acted alone, firing out the windows with guns equipped with rapid-fire bump stocks then killing himself before officers reached his room. Paddock didn't leave a note or a manifesto, and authorities closed investigations saying they didn't identify a motive.