outlined in the proposal, this level of investment generated $240,000 per year for General Catalyst. Baker co-hosted a high-dollar fundraiser for Christie in March 2013. The timing from the May 2011 contribution to the December 2011 investment offer, and the timing from that ongoing investment to the March 2013 fundraising, allegedly violated New Jersey's strict pay-to-play laws and Treasury regulations. Baker, General Catalyst, and the Treasury Department were each faulted. As the report was publicly breaking in May 2014, Baker denied being an executive, employee, or investment adviser for General Catalyst, and denied knowledge that the Oscar Insurance investment came from New Jersey pension funds. The Treasury Department began an investigation. During September 2014, the state sold the investment quietly, for a 46% profit. It was not immediately clear whether or how this sale might affect the release of the Treasury Department's investigation report, but Baker considered the matter resolved. The Christie administration has not made the results of the investigation public and refused Open Public Records Act request to do so made by the International Business Times. Alleged conflict of interest by SIC chairman Robert Grady Robert E. Grady is a venture capitalist, a private equity investor, and a senior-level public official. He was former chairman of New Jersey's State Investment Council, which oversees the state's pension fund. He and Christie both hail from Livingston and have known each other since high school. The New Jersey AFL–CIO filed a complaint with the State Ethics Commission, claiming that Grady "has violated the Division's own rules barring politics in the selection and retention of such funds and investments, and has further created an appearance of impropriety." The complaint was dismissed by the New Jersey Ethics Commission on March 17, 2015, which Grady found "not surprising", since the investigation was, in his words, "bogus, frivolous and partisan from the beginning." After volunteering for nearly five years, during which the pension fund posted over $35 billion in investment gains and income, Grady stepped down from the position on November 19, 2014, citing a desire to spend more time with his family and care for his young son who reportedly had a serious health issue. Exxon Mobil lawsuit Christie's office settled a lawsuit with Exxon Mobil by allowing the corporation to pay $225 million in damages for environmental contamination at two sites, less than 3% of the $8.9 billion that the state's lawyers had