Watch CBS News

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.

You Might Also Be Interested In:

(TM and © Copyright 2014 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2014 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.