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Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ MGM says it could pay up to $ 800 million for possible settlements related to Vegas massacre

MGM says it could pay up to $ 800 million for possible settlements related to Vegas massacre



MGM and many other people who sued the company for a variety of reasons after a man killed 58 people and wounded more than 500 others by shooting from the window of MGM's Mandalay Bay hotel.

"MGM's stated goal regarding mediation is, as it always has been, to resolve these issues so that all impacts can move forward in their healing process , "the company said in an emailed statement Friday. "After several mediation sessions over several months, progress has been made, and while mediation is ongoing, the Company believes that it is reasonably possible that a settlement will be reached

But Robert Eglet, an attorney who says he represents more than half of the estimated 4,200 claimants, told CNN Business that they are still "a long way from a settlement, if it does settle."
 Families of Las Vegas shooting victims "disgusted, insulted at MGM's lawsuit ]

"It's just as possible at this point that it does not," said Eglet. 19659007] MGM said in a regulatory filing last week it was "reasonably possible" that it would pay out between $ 735 million and $ 800 million

The documen "MGM continues to believe that it is not legally responsible for the criminal acts of the perpetrator," says the filing.

MGM Resorts International is the parent company of the corporations that own the Mandalay Bay and Las Vegas Village, the site of the festival.


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