Wow did you know that....

Jacob_Royer

SCCoA Member
http://www.history.com/this-day-in-history.do?action=Article&id=7451
May 29, 1950

Tucker loses suit
Preston Tucker's lawsuit against his former prosecutors was thrown out of court. Tucker had been indicted for stock fraud after managing to produce only 53 of his long-awaited Tucker cars. The court case ruined Tucker's chances of ever releasing the car on a grand scale. Tucker charged the Big Three with trumping up a conspiracy to ground his competitive operation. Eventually all the charges against Tucker were dropped. Hungry to clear his name, Preston Tucker sued his former prosecutors on various grounds related to the destruction of his reputation. It was generally believed that Tucker's initial acquittal was an act of charity granted to an overly-ambitious, failed entrepreneur. Tucker's case was dismissed after little consideration. It was Preston Tucker's last-gasp effort to save his name, and it failed. His reputation has fared far better in recent years with the help of the Hollywood movie Tucker: The Man and His Dream, starring Jeff Bridges, that portrays Tucker as a visionary in a practical age
 
The Tucker
The Tucker is the story of the unique car that Preston Tucker tried to bring to the American public. The Tucker was an innovative new car design in the late 1940s, with an emphasis on safety and performance features. But Preston Tucker's dream was never to reach fruition. Plagued by production problems and, more importantly, investigated by the Securities and Exchange Commission, Tucker's car never made it to the consumer market. Although he was found innocent of any wrongdoing and cleared by the Securities and Exchange Commission, the delays and negative publicity forced his company to fold. There is speculation that Preston Tucker was the victim of sabotage, possibly by the other large automobile manufacturers who did not want to see Tucker's innovative new car on the market.
 
great movie great visionary man his ideas were far ahead of his times .
 

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