The $ 800 million award would be shared among thousands of potential applicants.
A judge in Nevada has approved a $ 800 million settlement between MGM Resorts International and family members of the victims of the 2017 Las Vegas shooting.
According to CNN, all sides of the class action lawsuit against the owner of Mandalay Bay Resort and Casino agreed to the terms of the settlement.
Robert Eglet, an attorney for the plaintiffs, said the settlement could be finalized. However, there is a 30 day time window for the appeal.
"We are confident it will be finalized so that we can distribute the victims' funds before the end of the year," Eglet told CNN.
The full prize will be shared among the more than 4,000 participants in the class action lawsuit against MGM and Mandalay. The individual payouts are determined by two retired judges who act as independent intermediaries.
In most cases, victims – or their family members in the case of someone suing on behalf of a lost loved one – receive an amount equal to the damage suffered.
Eglet said that of everyone in the class, only one decided to opt out of the lawsuit and the ensuing settlement.
"There were no objections and we do not expect any objections," he added. "We'll send notifications about the order. After 30 days, the $ 800 million will be deposited."
A look at Las Vegas. The space that Paddock occupies during the massacre can be seen on the left of the photo – on the right is the Route 91 festival festival. Image via Jennifer Morrow / Wikimedia Commons. (CCA-BY-2.0)
MGM's insurer will cover approximately $ 749 million of that amount.
Although MGM and Mandalay management are likely to be held responsible for the rest, they have admitted responsibility for the shooting.
The filming itself, according to CNN, took place on October 1, 2017.
Stephen Paddock, described as a "withdrawn 64-year-old gamer", amassed an arsenal of semi-automatic rifles in his Mandalay Bay suite, some of which were equipped with bumpers to increase their respective rates of fire. He made extensive and intensive preparations for the Route 91 Harvest Festival, which took place next to the Las Vegas Strip and across from its high-floor space.
58 people were killed and at least 700 injured in the mass shootings, which remain the deadliest in US history.
However, Paddock's motive for the massacre is unknown – when authorities managed to locate his location and smash the door to his suite, Paddock was found dead and was killed by a self-inflicted gunshot wound to the head.
"What we were able to answer are the questions of who, what, when, where and how," said Joe Lombardo, Sheriff of Clark County, at a press conference in 2018. "What we couldn't definitely answer is the" why " Stephen Paddock committed this act. "
MGM was careful not to admit liability but said it was grateful that the company was able to reach an agreement with the victims and their family members.
"We are grateful that the decision brings families, victims and the community closer to the closure," MGM said in a statement. "It is especially important that the decision be made a day before the third anniversary of the incident, a time of great sadness and reflection."
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