Judge approves $800M Las Vegas shooting settlement

$800M shooting settlement

A judge in Nevada has approved a total of $800 million in payouts from casino company MGM Resorts International and its insurers to more than 4,400 relatives and victims of the Las Vegas Strip shooting that was the deadliest in recent U.S. history.

Clark County District Court Judge Linda Bell on Wednesday signed off on the deal announced earlier this month that settles dozens of lawsuits on the eve of the third anniversary of the shooting that killed 58 people and injured more than 850 among a crowd of 22,000 at an open-air concert near the Mandalay Bay resort.

MGM Resorts, the owner of the Mandalay Bay, acknowledged no liability. It will pay $49 million, while insurance companies will pay $751 million under the settlement.

Attorney Robert Eglet said the amounts disbursed will be determined by two retired judges and he is hopeful that payments will begin going out to claimants by the end of the year.

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