Reagor Dykes Coverage

Former RDAG CFO Shane Smith’s executive assistant pleads guilty to bank fraud conspiracy

Ashley Nicole Wood was hired by Reagor Dykes Auto Group to be the executive assistant for former Chief Financial Officer Shane Smith in 2014.

2 more Reagor-Dykes employees plead guilty in ‘fraud scheme’

Hearing set for Reagor-Dykes Auto Group, FirstBank & Trust settlement

First Bank & Trust urges court to move forward with liquidation of Reagor-Dykes

2 female employees plead guilty to conspiracy to commit fraud in RDAG case

Judgement: Bart Reagor owes Ford Motor Credit $53,759,450.96

Federal judge issues gag order in Ford case against Bart Reagor

Continued Coverage

Ford takes Reagor to court to find out how much he owes

Sentencing rescheduled for Shane Smith, former Reagor-Dykes CFO

Creditors set to vote on RDAG reorganization plan

  2 Reagor-Dykes employees plead guilty to bank fraud conspiracy

RDAG proposes $13 million reorganization plan to re-establish dealerships

Bank sues Ford Credit in connection to Reagor-Dykes bankruptcy

Hearing rescheduled to see how much money Ford Motor Credit can get from Bart Reagor

A reorganization hearing in the Reagor-Dykes Auto Group bankruptcy case was scheduled to take place Thursday, July 11, but was rescheduled.

Reagor-Dykes submits reorganization plan ahead of July 11 hearing

As of July 1, Reagor-Dykes Auto Group exists basically on paper and in the memories of West Texans. On Monday crews could be seen taking the familiar ‘RD’ logo off the company’s headquarters in downtown Lubbock.

  Bart Reagor breaks silence on fraud allegations: “I had no idea”

It's been almost a year since Bart Reagor last talked with the media, but Monday he broke his silence on his terms.

Attorneys for Reagor-Dykes hope reorganization plan to be finalized by September

A plan has been drafted to conclude the bankruptcy case for the Reagor-Dykes Auto Group. The hope is it will be completely prepared by the end of July and confirmed by September.

Former Reagor-Dykes CFO Shane Smith to be sentenced in October

  Shane Smith, former Reagor-Dykes CFO, pleads guilty to wire fraud

Court date set for Reagor-Dykes damages settlement, though Reagor disputes amount owed

Reagor: We’ve paid Vista Bank back

Auction of hundreds of Reagor-Dykes items set for Saturday

Ford: Reagor owes $7,000 a day in interest

  Judge denies objection, rules Reagor must repay Ford Motor Credit

Bart Reagor will have to join his former business partner Rick Dykes in paying Ford Motor Credit millions of dollars as the co-guarantor of the Reagor-Dykes Auto Group.

RDAG Attorneys: progress made in TT&L isssues

Wednesday’s update from attorneys for the Reagor-Dykes Auto Group in their ongoing bankruptcy hearing could be summed up in one word... progress.

IBC files petition against Reagor Dykes, seeking $26 million

International Bank of Commerce Oklahoma filed a petition against several Reagor Dykes companies and personally against Bart Reagor and Rick Dykes on Wednesday, claiming they have defaulted on millions of dollars worth of loans and promissory notes.

State suing Reagor,Dykes for dealership sales taxes

The State of Texas is now involved in the ongoing legal chaos surrounding the former Reagor-Dykes Auto Group.

Reagor-Dykes creates new portal for customers with TT&L issues

Friday afternoon KCBD learned that in the first week of the portal being online, the Lubbock Tax Assessor-Collector’s office has processed 31 titles for former Reagor-Dykes customers.

  Sales tax, title relief now possible after Reagor-Dykes judgment

Judge Robert Jones agreed on a motion Wednesday that would eliminate the sales tax for Reagor-Dykes Auto Group customers in Lubbock County that are in the vehicle registration process.

Bart Reagor, wife deny $2.4 million breach of contract complaint

Bart and Annette Reagor are demanding a trial by jury on all matters that may be tried. They’re also asking the judge to dismiss Universal’s complaint. Bart and Annette are also asking for the recovery of their costs and attorneys’ fees and for “further relief to which they may be justly entitled.”

No resolutions in RDAG hearing, though attorneys say they are making progress in TT&L issues

Wednesday afternoon’s hearing in federal court offered no resolutions, though attorneys did tell the court they are making progress. The majority of items on the agenda were moved to later this month or next.

Rick Dykes agrees to a $58 million judgment

Ford Motor Credit Company LLC and Rick Dykes have agreed to a judgment saying Dykes personally owes Ford more than $58 million. The motion was filed today in the U.S. District Court.

  Universal Underwriters sue Bart Reagor, wife for more than $2.4 Million

Universal Underwriters Service Corporation, a company who provides protection products for customers buying a vehicle, is suing Bart and Annette Reagor for $2,471,650.64 plus all attorneys’ fees, costs and expenses. According to the contract between Universal and Reagor-Dykes Auto Group, Bart and An

  Rick Dykes reveals corruption, secrets, affairs within RDAG in witness statement

Rick Dykes has issued a new witness statement in the form of a timeline after Vista Bank again amended their lawsuit against FirstCapital Bank, Brad Burgess and Kenneth Burgess Jr. to recover more than $6 million in damages. They’re claiming FirstCapital had insider information they obtained through

  Some Reagor-Dykes Auto Group customers still stuck in limbo after agreement filing

It’s been 232 days since the Reagor Dykes Auto Group (RDAG) filed bankruptcy. Nearly eight months later, there are some customers still paying for vehicles they traded to the dealership in the weeks leading up to that filing.

  Reagor-Dykes Customer Relief? TT&L issues may be resolved soon

Reagor Dykes Auto Group, Lubbock County, the Texas Comptroller and the Texas Department of Motor Vehicles have filed a notice that they have agreed to a resolution for the 656 remaining consumer title issues involving tax, title and license fees in Texas.

  Hundreds of Reagor-Dykes customers still fighting for tags, vehicle registrations

As the ongoing bankruptcy hearings for the Reagor-Dykes Auto Group drag into their eighth month, hundreds of customers remain trapped between the auto group and their local tax collector’s office.

Judge rules AimBank can sell RDAG CDs to pay outstanding checks

Judge Robert Jones has ruled an agreement between Levelland-based AimBank and two Reagor-Dykes dealerships can move forward despite objections from GM Financial.

  Vista Bank files civil suit against Bart Reagor for $1.45 million

Vista Bank has filed a civil lawsuit in Lubbock County court against Bart Reagor saying he is personally in default $1,448,401.23 on a loan, because he signed a personal guarantee on the note.

RDAG ordered to pay $349k in rent by tomorrow for Mitsubishi location

Eighty Second Street Investments LLC and Lubbock Windmill Real Estate LLC have filed court documents that orders the Reagor-Dykes Auto Group to pay up or move out.

GM Financial allowed to reclaim vehicles from Reagor-Dykes

GM Financial will soon be able to take back cars, trucks and SUV’s currently sitting on Reagor-Dykes Auto Group dealership lots.

  Dykes Affidavit: “Ford Credit knew or should have known”

Rick Dykes lays the blame for the collapse of his dealership group at the feet of Shane Smith, Ford Motor Credit, and Ford employee Gary Byrd.

Mediation scheduled for Ford, Reagor-Dykes in Dallas

The time and place for mediation between Ford Motor Credit and Reagor-Dykes Auto Group has been set, and now KCBD has learned one interested party will no longer be in attendance.

  Judge orders Ford Motor Credit to attend mediation with Reagor-Dykes

A crowd of more than one dozen attorneys were in Judge Robert Jones’ courtroom Thursday to plead their cases in the ongoing Reagor-Dykes reorganization.

  Reagor-Dykes ordered to leave 82nd Street location

Eighty Second Street Investments LLC and Lubbock Windmill Real Estate LLC have filed court documents that ordered the Reagor-Dykes Auto Group to vacate its Mitsubishi dealership on 82nd Street.

Ford objects to motion for RDAG global mediation

Ford Motor Credit Company LLC filed a motion Thursday morning objecting to Reagor-Dykes Auto Group’s motion to compel global mediation.

  FirstBank & Trust: RDAG not sincerely interested in compromise, settlement

FirstBank & Trust officials filed a response in opposition to Reagor Dykes Auto Group’s motion to compel global mediation in their bankruptcy case on Wednesday.

Attorneys for Reagor, Dykes ask for more time after Ford wants $109 million

Attorneys for Bart Reagor and Rick Dykes are asking a district court to grant more time to find evidence disproving Ford Motor Credit’s claim that both Reagor and Dykes had a direct hand in committing an act of fraud.

RDAG files motion requesting mediation, McDougal agrees to participate

Attorneys with Reagor-Dykes Auto Group have filed an emergency motion to compel global mediation involving the McDougal Group.

  Ford wants $109 million from Bart Reagor and Rick Dykes

In court documents filed on Feb. 4 in civil court, Ford Motor Credit wants Bart Reagor and Rick Dykes to pay $109,091,460.95 following a “massive fraud” which happened on Reagor and Dykes' watch.

Reagor-Dykes files appeal in ruling allowing Ford’s relief request

On Jan. 17, Judge Robert Jones cleared the way for Ford Motor Credit to take back vehicles sold to Reagor-Dykes Auto Group. In a late afternoon filing on Jan. 31, officials with Reagor-Dykes Auto Group filed an appeal with the bankruptcy judge.

  McDougal Companies out of Reagor-Dykes restructuring plans

In a surprising move from McDougal Companies, officials sent a news release saying they’re “ceasing discussions in the Reagor-Dykes Auto Group bankruptcy.”

McDougal, Ewing Auto Group invited to ‘global settlement’ meeting about Reagor-Dykes Auto Group

McDougal Companies has been invited to Dearborn, Michigan by Ford Motor Credit to attend a “global settlement” meeting. Ewing Auto Group out of the Dallas area has also been invited. The meeting is to discuss and possibly solve problems related to the bankruptcy of Reagor-Dykes Auto Group.

RDAG approved to use additional cash collateral

Attorneys for Reagor-Dykes Auto Group were back in federal bankruptcy court Wednesday on a number of matters related to the dealership group’s ongoing bankruptcy case.

Judge: Ford allowed to immediately repossess vehicles from RDAG lots

Court documents filed today say the bankruptcy judge has granted Ford Motor Credit the ability to immediately repossess their vehicles from Reagor-Dykes Auto Group.

Judge rules Toyota can revoke Reagor-Dykes dealership

On the same afternoon attorneys for Reagor-Dykes Auto Group learned a Lubbock bankruptcy judge will allow Ford Motor Credit to repossess vehicles, attorneys also learned Gulf States Toyota can sever their agreement with the auto group’s Plainview Toyota dealership.

  Court rules Ford Credit can repossess vehicles from Reagor-Dykes

Judge Robert Jones has cleared the way for Ford Motor Credit to take back vehicles sold to Reagor-Dykes Auto Group. In the ruling Thursday, Judge Jones approved Ford’s relief request from the automatic stay motion filed eight days after Reagor-Dykes' initial bankruptcy.

Judge approves motion for interim financing in RDAG case

In a federal courtroom filled with mostly attorneys and members of the media, Judge Robert Jones approved Reagor-Dykes' request for immediate use of cash collateral to continue operating.

  Judge delays decision in Reagor-Dykes reorganization plan

Following five hours of testimony Tuesday, Judge Robert Jones announced he will make his decision on Reagor-Dykes' reorganization plan Wednesday afternoon.

Reagor-Dykes bankruptcy hearing

Right now, Reagor Dykes Auto Group is presenting its Chapter 11 plan to the court.

Ford attorneys: RDAG claims ‘reckless’ and ‘completely false’

In a legal reply filled with enough rebuttals for a scripted television drama, attorneys for Ford Motor Credit took issue with a number of claims by attorneys for Reagor-Dykes Auto Group Monday evening.

Reagor-Dykes Auto Group files reorganization plan

In a 60 page document filed Monday afternoon, Reagor-Dykes Auto Group submitted a plan of reorganization to the bankruptcy court.

RDAG response to Ford: ‘Reagor-Dykes is not dead, not out of money’

"Contrary to Ford Motor Credit Company LLC’s (Ford Credit) assertion that ‘there is no prospect for a reorganization,’ Reagor-Dykes is not dead. Reagor-Dykes is not out of money. Reagor-Dykes is not without a plan to restructure its debts and recapitalize its business."

Ford files motion to remove their cars from Reagor-Dykes lots

In a motion filed Friday in Lubbock’s bankruptcy court, the company asks that they be allowed to take back cars and trucks sold to Reagor-Dykes on credit.

  Reagor-Dykes customers still caught in lawsuit

Many customers still find themselves in the middle of the ongoing lawsuit involving Reagor-Dykes Auto Group. After six months, one finds herself still paying for her current car, and the one she traded in.

Reagor-Dykes Latest: MUSA Auto Finance wants defense team to release documents

Auto Retail Lender files a motion to request information from Reagor-Dykes amid bankruptcy proceedings.

Dealerships removed from Ford lawsuit against Reagor, Dykes

Ford Motor Credit is no longer pursuing their lawsuit against the Reagor Dykes Auto Group. But the suit is still ongoing against the two owners of the dealership conglomerate, Bart Reagor and Rick Dykes.

The Facts: Claims filed in Reagor-Dykes bankruptcy total more than $163 million

After combing through court documents and removing duplicate claims from dozens of creditors in the case for the original six Reagor-Dykes Auto Group locations where the deadline has passed to make a claim, the total dollar amount comes to more than $163.6 million.

Reagor Dykes attorneys say they are working on TT&L hangups

Attorneys for Reagor Dykes' Chief Restructuring Officer say they are making progress on resolving a multi-million dollar issue of outstanding titles and trade-in amounts, but admit they are not moving at the speed many of the lenders would prefer.

  McDougal-Dykes-Ewing group expect to buy RDAG assets

Marc McDougal is leading a group of local investors who expect to buy Reagor-Dykes Auto Group assets, according to sources. The bankruptcy judge and Ford Motor Credit will need to approve the buy, which did not happen today during a 2 p.m. hearing.

Former RDAG CFO’s motion to move case citing possible ‘tainted jury pool’ is denied

Shane Smith, the former Chief Financial Officer of Reagor-Dykes Auto Group, filed a motion in bankruptcy court to move the case involving First Bank & Trust vs. multiple Reagor-Dykes entities, and others. On November 27, that motion was denied.

Settlement reached in Vista Bank lawsuit against Shane Smith

In documents filed in District Court in September, Vista Bank filed suit against the former Chief Financial Officer of Reagor-Dykes Auto Group, Shane Smith, accusing him of defaulting on an unsecured personal loan for $200,000.

5 more RDAG entities file to be included in Chapter 11 bankruptcy

Ninety-three days after the initial chapter 11 bankruptcy filing for six Reagor-Dykes Auto Group entities, attorneys for the business filed a petition for four more entities to be included.

Former attorneys for Reagor-Dykes seeking payment for their work

Lubbock law firm Mullin Hoard & Brown, L.L.P., the former attorneys representing Reagor-Dykes Auto Group and their seven subsidiaries has joined the growing number of groups seeking money from the once-ubiquitous dealership group.

Vista Bank asking judge to give access to $1M in frozen RDAG bank accounts; RDAG files counter complaint

Vista Bank filed a motion last week to try and recoup some of the money they claim to have lost from “bad checks” from Reagor-Dykes entities during their alleged multi-million dollar check kiting fraud.

RDAG attorney: 25% of TT&L issues could be resolved this week

Eighteen days ago, the Reagor-Dykes Auto Group attorneys asked the judge to grant a motion to compel retail lenders to pay outstanding tax, title and license fees and trade-in payoffs. Although there was no resolution in today’s hearing, more facts have been revealed about what is involved with thi

Bart Reagor files response to FirstBank & Trust complaint alleging $3 million loss

On Friday afternoon, Bart Reagor and Reagor Auto Mall both filed responses to the lawsuit.

Reagor-Dykes building put on foreclosure list

A building owned by the Reagor-Dykes Auto Group is on the Lubbock County foreclosure list and may be up for auction on Nov. 6.

Former Reagor-Dykes CFO denies allegations from Lubbock bank

Attorneys for Shane Smith, the former Chief Financial Officer for Reagor-Dykes Auto Group, have released a 28-page response by their client to allegations about his role in the ongoing bankruptcy involving the dealership.

Reagor-Dykes customers will have to wait for TT&L, trade-in resolution

Last week, the Reagor-Dykes Auto Group attorneys asked the judge to grant a motion to allow retail lenders to pay outstanding tax, title and license fees and trade-in payoffs. In a hearing today, the motion was pushed until Oct. 29 because a majority of the lenders are not yet on board.

FirstCapital files counterclaim against FirstBank & Trust in Reagor-Dykes controversy

Representatives with FirstCapital Bank of Texas have filed a counterclaim against First Bank & Trust and motion to dismiss in a lawsuit that alleges the FirstCapital kept at least $3 million from vehicles that were sold by Reagor Auto Mall.