Ford demanding jury trial in suit against Reagor-Dykes
LUBBOCK, TX (KCBD) - Ford Motor Credit filed an amended complaint with the court on Friday, demanding a trial by jury and moving ahead with its lawsuit against Reagor-Dykes companies that are not currently involved in bankruptcy proceedings.
Ford must wait until the bankruptcy action has been resolved before moving ahead with its lawsuit against those companies, but is actively pursuing legal action against these other entities, including Reagor Auto Mall I, L.L.C., Reagor-Dykes II, L.L.C., Reagor-Dykes III, L.L.C. and Bart Reagor and Rick Dykes as individuals.
Ford says the Reagor-Dykes dealerships are in default, having failed to make required payments and "submitting false or inaccurate information to Ford Credit in order to delay paying amounts due to Ford Credit and/or to obtain financing from Ford Credit under false pretenses."
Ford included a list of claims for each dealership, claiming more than $40 million due on over $113 million in total debt.
Ford is demanding a jury trial and will be required to submit documentation to the court by Sept. 10.
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