Daily Mail - Martin Joel Erzinger, 52, was set to face felony charges for running over a doctor who he hit from behind in his 2010 Mercedes Benz, and then speeding off.
But now he will simply face two misdemeanour traffic charges from the July 3 incident in Eagle, Colorado.
His victim, Dr Steven Milo, 34, is meanwhile facing 'a lifetime of pain' from his injuries.
But prosecutors claim the decision is theirs to make.
'Justice in this case includes restitution and the ability to pay it,' said District Attorney Mark Hurlbert.
He said Erzinger, a private wealth manager who manages more than $1billion in assets at Morgan Stanley Smith Barney in Denver, is willing to take responsibility and pay restitution.
'Felony convictions have some pretty serious job implications for someone in Mr. Erzinger's profession, and that entered into it,' he said.
'When you're talking about restitution, you don't want to take away his ability to pay.'
Dr Milo is a physician living in New York City with his wife and two children, where he is still recovering from his injuries, court records show.
He suffered spinal cord injuries, bleeding from his brain and damage to his knee and scapula, according to court documents.
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