"The company believes it is reasonably possible that a settlement will be reached" by next May, it told the Securities and Exchange Commission in a quarterly report.However, a lawyer handling mediation talks for plaintiffs called it premature for the corporate owner of Mandalay Bay resort to report a possible settlement range between $735 million and $800 million.
"It's true that a settlement is possible," Eglet said. "But I will tell you it's not probable. Nothing is signed. We have a long way to go before we have an agreement." Company spokeswoman Debra DeShong said progress has been made after multiple mediation sessions over several months.
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