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IPFS News Link • Mass Shootings

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

• by NY Times

Stephen Paddock is accused of killing 58 people who were attending a concert in a mass shooting in Las Vegas two years ago. MGM, the owner of Mandalay Bay Hotel where Paddock committed the crime, has agreed to pay up to $800-million to settle lawsuits, although it is unclear why the hotel is liable. Claimants accused the company of negligence in allowing Mr. Paddock to stockpile high-powered rifles and thousands of rounds of ammunition in his hotel room. The hotel sought to block victims from being awarded any money based on a federal law that shields corporations from liability in any "act of terrorism". MGM counter sued more than 1,000 victims in July 2018, in a strategy to have the cases moved to federal court, but a panel of federal judges denied MGM's attempt to consolidate the cases. MGM's insurers will pay for most of the settlement, up to $751-million. The most significant aspect of this settlement is that it will protect MGM from further investigation arising form these law suits. -GEG