MGM and Las Vegas shooting victims reach a settlement of up to $800 million

(CNN)MGM Resorts International and the victims of the Las Vegas mass shooting reached a landmark settlement worth between $735 million and $800 million, depending on the number of claimants, MGM said in a statement Thursday.

MGM said the settlement is not an admission of liability in the October 1, 2017 mass shooting that left 58 dead and hundreds wounded or injured. It is the worst mass shooting in modern American history.
"Our goal has always been to resolve these matters so our community and the victims and their families can move forward in the healing process," said Jim Murren, chairman and CEO of MGM Resorts. "This agreement with the Plaintiffs' Counsel is a major step, and one that we hoped for a long time would be possible.