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Judge tosses Scooter Store lawsuit

October 29, 2013HME News Staff

NEW BRAUNFELS, Texas - Senior U.S. District Judge Harry Lee Hudspeth has tossed a lawsuit filed by former employees of The Scooter Store seeking damages over the falling value of their stock ownership plan, the San Antonio Express-News reports. Filed last spring, the lawsuit called for restoring the value of their employee stock ownership plan, which tumbled from $36.9 million in 2008 to $8.5 million in 2009. Former employees alleged company founder Douglas Harrison, Principal Life Insurance Company...

Douglas Harrison, Employee, First Banker Trust Services, Lawsuit, Principal Life Insurance Company, stock ownership plan, The Scooter Store