A former office manager and a former account manager have pleaded guilty for their roles in the massive fraud at the Reagor-Dykes Auto Group.
In federal bankruptcy court, attorneys for the Reagor-Dykes Auto Group have asked the court to push back a hearing asking to convert everything to liquidation.
In its civil action in federal court, First Bank and Trust claims Bart Reagor and Rick Dykes are using hearsay, speculation and innuendo to fight its lawsuit against them.
Judge Ruben Reyes has denied Bart Reagor's attempt to delay Vista Bank's lawsuit against him.
Testimony has wrapped in the Ford Motor Credit v. Bart Reagor trial. Jurors are now deliberating how much Reagor owes.
Attorneys for Vista Bank are asking Judge Ruben Reyes to reject Reagor's request for a continuance.
A gag order has been issued, preventing Bart Reagor, or anyone speaking on his behalf, from making comments about this case before the jury makes a decision.
The first day of the of the Ford Motor Credit v. Bart Reagor trial concluded Wednesday at the Lubbock Federal Courthouse with an amount of money the agency claimed Reagor now owes.
Bart Reagor, co-owner of the bankruptcy-ridden Reagor-Dykes Auto Group, claims a bank he and the auto group did business at wrongfully took control of his personal accounts to offset debt Vista Bank claimed against him.
A federal bankruptcy judge has approved the disclosure statement and reorganization plan for the Reagor-Dykes Auto Group, taking the next step toward rebuilding the auto group under Chapter 11.
The number of people who have pleaded to federal charges in the Reagor-Dykes fraud is now three.
In a motion filed Friday, Reagor-Dykes Auto Group creditor First Bank & Trust asked a U.S. bankruptcy court to convert the auto group's case from reorganization to liquidation, arguing the debtor has failed to propose ways to benefit its creditors.
Bart Reagor has demanded a jury trial to determine how much he owes Ford Motor Credit; he disputes the agency's original estimate of more than $46 million.
Henry Resources, LLC, has been named as the primary investor in the "Auto Investment Group," which will front the initial $13 million necessary to facilitate a plan out of bankruptcy.
Ford Credit still has objections to parts of Reagor-Dykes' proposed reorganization plan.
Days before the next scheduled hearing in the Reagor-Dykes bankruptcy case, a U.S. Trustee filed objection to the proposal to use cash collateral.
Senior U.S. District Judge Sam Cummings has set a trial date in determining what Bart Reagor owes to Ford Motor Credit.
International Bank of Commerce is suing Ford Motor Credit, claiming it had an advantage over other lenders. It claims Ford Credit did not inform any other parties of major fraud until it was too late to mitigate damages.
A hearing was scheduled in Lubbock Federal Court Thursday morning over how much Bart Reagor personally owes to Ford Motor Credit. The hearing has been postponed.
An administrative judge has assigned a new judge to oversee International Bank of Commerce Oklahoma's lawsuit against Bart Reagor and Rick Dykes.
99th District Court Judge Bill Sowder has recused himself from a lawsuit filed against Bart Reagor. A new judge will have to decide whether to expedite a decision on International Bank of Commerce Oklahoma's claims against him.
There is a date set for hearing the Reagor-Dykes Auto Group's disclosure statement, for its re-organization plan.
The Chapter 11 reorganization plan includes up to $14 million from an unnamed "plan sponsor," agreements with Ford, GM, and Toyota, new consulting services to ensure smooth operations, and payments to creditors.
A consulting and media firm has released statements on behalf of Bart Reagor, stating he had no knowledge of alleged fraud at his Auto Group.
This will allow Reagor-Dykes to cut a deal with its creditors and lenders -- likely including Ford Motor Credit and GM Financial -- to make debt repayment more achievable.