MGM Agrees to Pay Up to $800 Million to Victims of 2017 Las Vegas Shooting

“Our goal has always been to resolve these matters so our community and the victims and their families can move forward in the healing process,” said Jim Murren, chairman and CEO of MGM Resorts, in a statement. “This agreement with the Plaintiffs’ Counsel is a major step, and one that we hoped for a long time would be possible. We have always believed that prolonged litigation around these matters is in no one’s best interest. It is our sincere hope that this agreement means that scenario will be avoided,” Murren added.

Robert Eglet, a lead attorney for the plaintiffs, said on Thursday the settlement would be in the range of $735 million to $800 million and would resolve “substantially all” of the lawsuits and claims against MGM related to the massacre.

“While nothing will be able to bring back the lives lost or undo the horrors so many suffered on that day, this settlement will provide fair compensation for thousands of victims and their families,” Eglet said. “MGM Resorts is a valued member of the Las Vegas community and this settlement represents good corporate citizenship on their part. We believe that the terms of this settlement represent the best outcome for our clients and will provide the greatest good for those impacted by these events.”

The settlement closely resembles what MGM said in May was a “reasonably possible” outcome from mediation with the plaintiffs, however, the company maintains that the settlement is not an admission of liability in the October 1, 2017, mass shooting.