The 17-year-old was traveling with his pal, U.S. Marine John Graziano, 22, when he lost control of his father's Toyota Supra on a Florida highway in August. According to officials, the vehicle flipped at high speed and collided with a palm tree.
The teenager, who will be tried as an adult, turned himself in to police earlier this week and was charged with reckless driving involving serious bodily injury.
And in a statement released by Bollea's lawyers, Morris 'Sandy' Weinberg Jr. and Kevin Hayslett, on Wednesday, they stressed the accident was not the result of speeding.
The statement reads: "Nick and the entire 'Hogan' Bollea family are saddened that criminal charges have been filed in regards to the tragic single car accident on August 26, 2007.
"The family's primary focus and concern still remains for the continued recovery of Nick's longtime friend John Graziano. The Bolleas will also continue to stand by the Graziano family and help them in any way they can.
"The tragedy to both families is compounded by the fact that unfortunately John was not wearing his seatbelt. Thankfully, Nick was wearing his. Because of what happened to John, the entire Bollea family will make it a priority to increase public awareness about the importance of always wearing your seatbelt.
"There has been much speculation as to the speed and wet road conditions surrounding this accident. Although all the evidence has not been evaluated, preliminary reports from the experts indicate that this was not, in fact, a high-speed accident.
"Because Nick is still a juvenile and has no prior criminal record, we are disappointed that he is being charged as an adult offender. However, we are confident that the evidence will demonstrate that this was an accident.
"We ask all who follow these events to keep an open mind as to the facts until they have been ultimately determined. Finally, we thank all who have prayed for John's recovery and ask for your continued support and prayers."
Graziano was critically injured in the crash and will need to be cared for in a nursing home for the rest of his life.
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