[ad_1]
John Locher / AP
In this archival photo from April 1, 2018, people are carrying flowers while walking near the Mandalay Bay hotel and casino during a vigil for victims and survivors. a shooting in Las Vegas.
Posted Thursday 16th May 2019 | 2:21 p.m.
Updated 1 hour and 35 minutes ago
The casino giant, MGM Resorts, told federal regulators Thursday that it could shell out up to $ 800 million to settle liability litigation following the 2017 mass shooting in Las Vegas – the deadliest of current American history.
"The company thinks it's reasonably possible to reach a settlement" next May, the Securities and Exchange Commission said in a quarterly report.
MGM Resorts also reported having $ 751 million in insurance to pay for a settlement.
However, a lawyer responsible for the mediation talks for the plaintiffs found that it was premature for the owner of the Mandalay Bay resort to report a possible settlement ranging from $ 735 million to $ 800 million.
"Not even close," said lawyer Robert Eglet about the amount disclosed by MGM Resorts.
He said he represents about 4,200 plaintiffs, including those who have filed lawsuits in Nevada, California and in other states, as well as people who have not formally sought redress .
"It's true that a settlement is possible," said Eglet. "But I'm going to tell you that it's not likely, nothing is signed, we still have a long way to go before reaching an agreement."
Eglet said the talks were going on with MGM Resorts' lawyers and that he knew the company would report to the SEC.
Eglet said he had reviewed the SEC 's paper on Thursday and agreed that a settlement was to be reached within one year.
Company spokeswoman Debra DeShong said progress had been made after several months of mediation.
The goal is "to solve these problems so that all those affected can move forward in their healing process," she said.
MGM Resorts has defended against liability claims, scandalizing victims last summer by prosecuting more than 1,900 people in order to consolidate their actions in federal court.
The plaintiffs seek compensation for various physical and psychological injuries after a gunman shot rain from a suite in Mandalay Bay on a crowd in an open-air concert, killing 58 people and injuring more than 800 others.
They blame MGM Resorts, owner of the high-rise hotel and the concert hall on Las Vegas Boulevard, for failing to adequately protect the 22,000 people participating in Route 91 Harvest.
They indicate that the shooter, Stephen Paddock, spent several days accumulating an arsenal of weapons and ammo-style assault in the following two-piece.
Paddock was a retired accountant and 64-year-old high-stakes video poker player.
Police and the FBI claim that he acted alone, firing through the window with firearms armed with a quick-lacing stick, and then getting himself killed before the police reached his room. Paddock did not leave a message or manifest, and the authorities closed the investigations stating that they had not identified any motive.
[ad_2]
Source link