Wednesday, 23 July 2014
Last updated 1 hour ago
Aug 30 2010 | 12:33pm ET
A hedge fund manager paralyzed in a 2003 accident in eastern Connecticut has lost his lawsuit against the driver who hit him and the contractors who negligence he claims led to the incident.
Edward Petner was left a paraplegic after an emergency medical technician struck him at an intersection in Stonington as she was making a left onto the road that Petner, riding a bicycle, was making a right from. Petner’s head struck the driver’s windshield; he fractured two vertebrae.
Petner said he had been forced to swerve closer to the middle of the road because Electrical Contractors, who were performing lighting work at the intersection, had mistakenly left an orange cone in the bike lane. The company was also accused of removing a “no turn on red” sign usually at the intersection. Petner made his right on a red signal.
Both the driver and Electrical Contractors denied any wrongdoing. And a jury agreed.
Petner had been seeking more than $25 million in medical expenses and damages. He rejected a pair of settlement offers, one of $300,000 and the second of $700,000. He is seeking a new trial.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…