"MGM's stated goal of mediation is as it has always been to resolve these issues so that everyone affected can move forward in their healing process, the company said in a statement released Friday." After several months of mediation meetings, it has become made progress, and while mediation is taking place, the company believes it is reasonably possible that a settlement will be reached.
"It is just as possible at this point that it does not," said Eglet. He added that if a solution was not reached, lawyers involved in the case would again pursue litigation. 19659007] MGM said in a filing regulation last week, it was "reasonably possible" that it would pay out between $ 735 million and $ 800 million.
The document notes that the company has about $ 751 million in insurance coverage that can be used to cover such costs.
MGM "continues to believe that it is not legally responsible for the perpetrator's criminal acts," the application says. But it is interested in "avoiding long-term litigation and related impact on society."
MGM Resorts International is the parent company of the companies that own Mandalay Bay and Las Vegas Village Festival.