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Home / Business / Judge has approved $800 million in compensation to victims of the Las Vegas shooting

Judge has approved $800 million in compensation to victims of the Las Vegas shooting



After months of negotiations, the plaintiff’s lawyer Robert Eglet told CNN by phone that in a class action lawsuit against the owners of the Mandalay Bay Casino Resort in Las Vegas, all parties agreed to a settlement agreement.
    Since the mass shooting of the Route 91 Harvest country music festival, mourners have held candles flying high in silence to commemorate the week.

Eglet said that the settlement process has a 30-day appeal period.

He said: “We hope that this work can be done in a way that can diversify victims’ funds before the end of the year.”

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In the class action, the settlement will be distributed to more than 4,000 claimants. A pair of retired judges agreed by both parties will independently determine the exact compensation for each victim.

Eglet said that only one potential claimant in the case decided to withdraw from the lawsuit.

The reclusive 64-year-old gambler Stephen Paddock opened fire on the crowd gathered at the music festival on the Las Vegas Strip on October 1, 2017. In the attack, 58 people were killed and nearly 700 were injured.

Authorities said that after the shooting, Paddock was found dead on the floor of his hotel room with a spontaneous shot on his head.

After the department completed the final criminal investigation report, Clark County Sheriff Joe Lombardo said at a press conference in 2018: “We can answer the question of who, what, when, where and how. “The reason we can’t answer with certainty is why Stephen Paddock took this action.”
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Mandalay Bay is owned by MGM Resorts International. MGM said in a document filed with the US Securities and Exchange Commission last month that only $49 million of the settlement came from the company’s funds, and the remaining $751 million was paid by liability insurance.


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