San Diego attorney James Frantz is grateful MGM Resorts International moved quickly toward a settlement with victims, but he says the company still has work to do.
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Major developments in the lawsuit filed against MGM Resorts International and other parties resulting from the Oct. 1, 2017, shooting that killed 58 and wounded more than 800 on the Las Vegas Strip.
MGM Resorts International and lawyers representing thousands of people have reached a settlement of between $735 million and $800 million, both sides said Thursday.
MGM Resorts International’s plans to build a community center on concert grounds targeted by a gunman nearly two years ago drew praise from some, but left others chagrined by a move to use the site for a temporary parking lot.
MGM Resorts International is converting the Las Vegas Village and Route 91 Harvest music festival site into parking for events at Allegiant Stadium, and also a community and athletic center.
In a Securities and Exchange Commission filing, MGM Resorts International says it has $800 million available to shooting victims and hopes to settle claims by May 2020.