MGM Resorts has agreed to pay the victims of the deadliest mass shooting in U.S. history up to $800 million to settle a lawsuit that accused the company of negligence for allowing the shooter to stockpile guns and ammunition in a room at the Mandalay Bay hotel.
MGM and attorneys representing about 4,440 plaintiffs, said the final amount of the settlement would be determined by the number of people who choose to take part in the lawsuit. Each plaintiff will have their case reviewed by an independent claims administrator who will decide how much money they should receive.
“While nothing will be able to bring back the lives lost or the undo the horrors so many suffered on this day, this settlement will provide fair compensation for thousands of victims and their families,” Robert Eglet, one of the lead lawyers for the plaintiffs said.
MGM will only be on the hook for about $50 million while their insurers have agreed to cover the remaining $750 million.
Fifty-eight people were killed, and hundreds were injured when a gunman opened fire on the crowd at a music festival from a 32-floor suite at the hotel. Despite an extensive investigation, officials never discovered the motive behind the attack.