Payments will be dispersed within 30 days
MGM Resorts International will be paying $800 million to the victims and their families affected by the Route 91 Harvest Festival shooting in Las Vegas on October 1, 2017. The company and its insurers signed off on the deal one day before the third anniversary of the tragic event that killed 58 people and injured hundreds during Jason Aldean’s closing performance.
Clark County District Court Judge Linda Bell approved the settlement that will be dispersed to more than 4,400 relatives and victims. The ruling finalized a deal that was announced last year that settled dozens of lawsuits. The court said there was “near-unanimous participation” among the plaintiffs, according to Deadline.
“There have been no objections and we expect no appeals,” Robert Eglet, a lead Plaintiffs’ Counsel, shares. “We’ll send out notices of the order. After 30 days, the $800 million will be deposited.”
Under the Settlement Agreement, the parties will dismiss and release all pending litigation, including claims against MGM Resorts and additional parties named in those claims, and the declaratory-relief actions filed by MGM Resorts. The proposed settlement is not an admission of liability by MGM Resorts. MGM will pay $49 million while its insurance companies will pay the remaining $751 million with relatives of the deceased and those how suffered life-altering injuries benefiting the most.
The shooting is the worst in modern American history after 64-year-old Stephen Paddock of Mesquite, NV opened fire to a crowd of 40 thousand from the 32nd floor of the MGM-owned Mandalay Bay Hotel and Casino. Paddock had more than ten fully loaded weapons in his hotel room where he spent more than ten minutes firing automatic weapons at patrons as the final night of the country music festival was set to wrap below.
MGM owns the site of the massacre known as The Village. The company plans to turn it into a memorial and community center. Live Nation has not announced future plans for the continuation of the Route 91 Harvest Festival.