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Mediation: 2500 MGM terror attack shooting victims settle for compensation

Mediation: 2500 MGM terror attack shooting victims settle for compensation

The Las Vegas Mandalay Bay Resort was the scene of the largest domestic terror attack in the United States.

A Settlement Agreement is now a result of ongoing mediation efforts of the 1 October Litigation Leadership Group consisting of Robert Eglet Mark Robinson and Kevin Boyle

EGLET ADAMS represents nearly 2,500 victims of the 1 October tragedy. “Today’s agreement marks a milestone in the recovery process for the victims of the horrifying events of 1 October,” said Robert Eglet, a lead Plaintiffs’ Counsel. “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. 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.”

An Independent Claims Administrator will be appointed by the court to evaluate each claim and allocate the settlement fund among the Participating Claimants. The entire process is expected to be completed by late 2020.  The settlement fund will be funded by MGM Resorts’ insurers with a minimum of $735 million. Depending on claimant participation, MGM Resorts will add additional amounts, up to $800 million.