The victims of the 2017 Las Vegas shooting — considered the deadliest mass shooting in modern U.S. history — have reached an $800 million settlement in their class-action lawsuit against MGM Resorts International.
On Wednesday, the plaintiffs’ attorney Robert Eglet told CNN that Clark County District Court Judge Linda Bell approved the settlement, which will be divided among more than 4,000 claimants.
Eglet told the news channel that only one of the potential claimants in the case decided to opt out of the lawsuit.
The exact amounts going to each victim will be determined independently by a pair of retired judges agreed to by both sides. However, it is believed that the deceased and those with life-altering injuries will gain the most from the funds.
“We are hopeful it will be completed in a manner that we will be able to disperse the victims’ funds before the end of the year,” Eglet said.
While MGM will pay $49 million of the settlement, its insurance companies will cover the remaining $751 million. Under the terms, MGM has admitted no liability for the incident.
While Eglet notes there is a 30-day period of appeal, he does not anticipate that these requests will be filed.
“There have been no objections and we expect no appeals,” Eglet was quoted saying via Deadline. “We’ll send out notices of the order. After 30 days, the $800 million will be deposited.”
On the night of October 1, 2017, a gunman fired more than 1,000 rounds of ammunition from the 32nd floor of the Mandalay Bay Hotel, which is owned by MGM.
The shooting killed at least 58 people and injured more than 850, many of whom attended the Route 91 Harvest music festival on the Las Vegas Strip.
The motive of the suspect, Stephen Paddock, who was found dead in his room from a self-inflicted gunshot wound, remains officially undetermined.
As a result of the tragedy, the U.S. Justice Department banned bump stocks, which Paddock used to fire shots in rapid succession. This regulation went into effect on March 2019.
Our condolences go out to the victims and their loved ones of this senseless tragedy.