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
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