Christie: Exxon Mobil settlement for fraction of $9B sought by New Jersey was 'really good'

MarketsAssociated Press

Gov. Chris Christie says a settlement with Exxon Mobile for a fraction of the nearly $9 billion sought by New Jersey in a lawsuit is "really good."

He said Tuesday that the $225 million settlement is on top of money the company will have to pay for environmental damage.

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He says there is no cap on that amount.

He told a town hall audience in Somerville that "it's actually a really good settlement."

New Jersey filed its lawsuit in 2004, claiming the Irving, Texas-based Exxon Mobil's petroleum refining plants in Linden and Bayonne damaged the land and water.