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Jon Corzine

State, environmentalists clash over $225M Exxon settlement

After originally seeking $8.9 billion, New Jersey's $225 million settlement with ExxonMobil over dozens of polluted sites is a reasonable compromise considering the substantial legal risks the state faced, a judge ruled Tuesday in approving a deal that Gov. Chris Christie's administration called historic and opponents called a sell-out. The settlement ending an 11-year legal battle that spanned both Democratic and Republican governors is "fair, reasonable, in the public interest, and consistent with the goals of the Spill Compensation and Control Act," Superior Court Judge Michael Hogan wrote. He noted that the settlement is on top of Exxon's responsibility to clean...