N.J. Transit Considers Lawsuit Against Mobster's Family Over Land Deal
NEWARK, N.J. (CBSNewYork/AP) - New Jersey Transit is considering whether to continue to legal battle with a mobster's family over a land deal.
The transit agency is challenging a jury verdict that found it owes the family of Carmine Franco more than $8 million for land NJ Transit acquired through condemnation for a Hudson River rail tunnel project that Gov. Chris Christie eventually canceled.
NJ Transit had offered the family $990,000. But a Hudson County jury valued it at more than $8 million.
Attorney Paul Fernicola, who represents Franco's family, tells The Record newspaper NJ Transit undervalued the property, which he says has amazing views of Manhattan.
NJ Transit on Wednesday will decide whether to spend another $150,000 on legal fees.
Franco, who is 78, is in a federal prison for racketeering.
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