Report: Booker collected annual payouts from former law firm while in office

Newark Mayor Cory Booker reportedly pocketed an unknown amount of annual payments from his former law practice while the firm collected millions of dollars from independent authorities located within Brick City, according to published reports.

The NY Post reported over the weekend that the front-runner in New Jersey’s U.S. Senate election received an undisclosed amount of money from the Trenk DiPasquale law firm from 2007 to 2011. During that time, the firm collected more than $2 million in fees from independent authorities located within Newark, according to the report.

Booker told the paper the five payments were part of “a settlement buyout for [his] interest in the firm” but both he and his campaign declined to disclose the amount of the checks.

“I had an equity stake, and we had a negotiated settlement,” Booker said.

The mayor left the firm in 2006 after being elected.

"He’s obviously working very, very hard at it. I mean he’s traveling all over the country as chairman of the [Republican Governors Association] and I think at this point he has as good a chance or better than anybody else. His name is household word all across the country, and I think he would make a great president."
—former U.S. Rep. Jim Saxton (R-3), on Gov. Chris Christie