Paralyzed Hedge Fund Manager Denied Damages In Trial

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.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…