Mgm Settlement Agreement

On Monday, March 22, 2021, MGM Resorts International announced that they had reached a settlement agreement with the victims and families of the 2017 Las Vegas shooting. The shooting, which took place during a country music festival, left 58 people dead and hundreds injured.

The settlement agreement, worth over $800 million, is one of the largest ever reached in the United States for a mass shooting. The agreement covers more than 4,400 people who were either injured or had family members killed in the shooting.

MGM Resorts International owns the Mandalay Bay hotel, where the shooter, Stephen Paddock, was staying when he carried out the attack. The company had faced extensive legal action since the shooting, with many victims and families accusing MGM of not doing enough to prevent the attack.

Under the terms of the settlement agreement, MGM will pay out a total of $800 million to the victims and their families. This includes $49 million that had already been paid out to victims through various non-profit organizations.

In addition to the financial settlement, MGM has also agreed to make changes to its security protocols and procedures. The company will implement measures such as metal detectors, bag searches, and increased surveillance at all of its properties. MGM has also agreed to create a victims’ compensation fund, which will be overseen by a third-party administrator.

The CEO of MGM Resorts International, Bill Hornbuckle, said in a statement that the settlement agreement was a “major step” towards healing and recovery for the victims and their families. He also expressed his condolences and sympathy for the victims, saying that MGM was committed to supporting them throughout the process.

The settlement agreement has been hailed as a positive step towards justice for the victims of the Las Vegas shooting. However, it should be noted that the settlement does not include any admission of liability on the part of MGM. The company has maintained that it bears no responsibility for the actions of the shooter.

In conclusion, the MGM settlement agreement represents a significant milestone in the aftermath of the Las Vegas shooting. While it cannot undo the damage that was done, it provides some measure of financial and emotional support to the victims and their families. It is hoped that the changes to MGM’s security protocols will help to prevent similar tragedies from occurring in the future.