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MGM Resorts may settle in 1 October lawsuits

Video Credit: KTNV Channel 13 Las Vegas - Duration: 01:35s - Published < > Embed
MGM Resorts may settle in 1 October lawsuits

MGM Resorts may settle in 1 October lawsuits

MGM Resorts says it may have to pay $800M to settle liability lawsuits stemming from the 1 October tragedy.

13 Action New Reporter Kelsey McFarland has a word from one of the attorneys.

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MGM Resorts may settle in 1 October lawsuits

LAWSUITS STEMMING FROM THE "ONEOCTOBER" TRAGEDY.13 ACTION NEWS REPORTER KELSEYMCFARLAND JOINS US LIVE FROMTHE HEALING GARDEN..WITH A WORD FROM ONE OF THEATTORNEYS.THOUSANDS OF SURVIVORS ANDVICTIMS OF ONE OCTOBER AREREPRESENTED IN THIS LAWSUIT...INCLUDING 57 OF THE 58 THATDIED.THE LAWYER REPRESENTING THEMSAYS THEY HAVE A LONG WAY TOGO...BEFORE MAKING ANY KIND OFAGREEMENT.IN A SECURITIES AND EXCHANGECOMMISSION FILING...MGM SAYS ITEXPECTS TO REACH A SETTLEMENTBY NEXT MAY.THE COMPANY IT HAS MORE THAN750- MILLION DOLLARS ININSURANCE TO PAY TOWARD APOTENTIAL SETTLEMENT.ATTORNEY ROBERT EGLETREPRESENTS ABOUT 42-HUNDREDVICTIMS OF ONE OCTOBER --THEDEADLIEST SHOOTING IN MODERNU.S. HISTORY.PLAINTIFFS ARE SEEKINGCOMPENSTATION FOR PHYSICAL ANDPSYCHOLOGICAL HARM AFTER A MANOPENED FIRE FROM A MANDALAY BAYSUITE..KILLING 58 AND INJURING MORETHAN 800 PEOPLE ATTENDING THEROUTE 91 HARVEST FESTIVAL.EGLET SAYS IT'S POSSIBLE, BUTSHYED AWAY FROM 'PROBABLE' THATTHERE WILL BE A SETTLEMENT INTHE LAWSUIT.1.01.04"THERE'S NO AGREEMENT ONAN AMOUNT OF MONEY, VARIOUSNUMBERS HAVE BEEN THROWN OUTTHERE IN THIS PROCESS BUT WE DONOT HAVE AN AGREEMENT ONANYTHING."'EGLET ADDS THAT IT'S IN THEBEST INTEREST OF ALL PARTIESINVOLVED TO REACH ARESOLUTION...SO THE COMMUNITY CAN CONTINUETHE HEALING PROCESS.LIVE AT THE HEALING GARDEN, KM,13 ACTION NEWS."BLEEP...AS WELL "THIS




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