A judge approves $ 800 million settlement for victims of Las Vegas shooting

After months of negotiations, all parties agreed to a settlement in a class action lawsuit against the owner of the Mandalay Bay Resort and Casino in Las Vegas, the plaintiff’s lawyer, Robert Egglett, told CNN by phone.
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The appeal has a 30-day period for settlement, Egglett said.

“We hope it will be completed in such a way that we will be able to scatter the victims’ funds before the end of the year.”

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The settlement will be split between more than 4,000 claimants in the class action suit. The exact amount going to each victim will be determined independently by a pair of retired judges agreed by both parties.

Egglet said that only one of the potential claimants in the case decided to opt out of the trial.

On October 1, 2017, Stephen Paddock, a 64-year-old gambler, opened fire on the gathering crowd for a concert on the Las Vegas Strip. Sixty-eight people were killed and around 700 people were injured in the attack.

Authorities said that after the shooting, Paddock was found dead on the floor of his hotel room in what appeared to be a self-directed gunshot wound to the head.

“What we’ve been able to answer are questions of who, when, where and how,” Clark County Sheriff Joe Lombardo said in 2018 after completing the department’s final criminal investigation report. “We certainly have not been able to answer why Stephen Paddock did this act.”
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Mandalay Bay is owned by MGM Resorts International. In a filing with the Securities and Exchange Commission last month, MGM indicated that only $ 49 million of the settlement would come from the company’s funds, with the remaining $ 751 million covered by liability insurance.


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