MGM Might Pay Up To $800 Million In Las Vegas Shooting Lawsuits

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MGM Might Pay Up To $800 Million In Las Vegas Shooting Lawsuits
Over 4,200 people are thought to have filed lawsuits against the company after the deadly 2017 shooting in Las Vegas.
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MGM expects to pay up to $800 million to resolve lawsuits stemming from the 2017 mass shooting that occurred on its Las Vegas property — though it's unclear when or if settlements will be reached. 

Over 4,200 people are thought to have filed lawsuits against the company after a man fired at outdoor concert-goers through a window of the Las Vegas Mandalay Bay Resort and Casino, killing 58 people and wounding more than 500 others. It was the deadliest shooting in recent U.S. history.

MGM released a statement on Friday: "After multiple mediation sessions over several months, progress has been made, and while mediation is ongoing, the company believes it is reasonably possible that a settlement will be reached."

regulatory filing last week revealed that MGM could have around $750 million in insurance coverage that would help pay for settlements in this case.