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Ford Motor Credit sues Reagor-Dykes; R-D files for affiliate 11 bankruptcy



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LUBBOCK, Texas – Ford Motor Credit has filed clothing adjoin Lubbock-based Reagor-Dykes Auto Group, some of its subsidiaries, Bart Reagor and Rick Dykes, claiming the aggregation is “in default, accepting breached their agreements with Ford Credit by, amid added breaches, affairs cartage “out of trust,” declining to achieve appropriate payments to Ford Credit as and aback due, and appointment apocryphal or inaccurate advice to Ford Credit in adjustment to adjournment advantageous amounts to Ford Credit and/or to access costs from Ford Credit beneath apocryphal pretenses”, according to a accusation filed Tuesday.



As of July 31, the clothing claims Reagor-Dykes owes an estimated $116,168,000.00 and the amounts currently due are believed to beat $40 million.

According to the suit, a June 2018 assay showed “substantial variances existed amid the dealership’s appear sales dates and the added annal that Ford Credit reviewed, with an boilerplate corruption alterity of fifty-five (55) canicule (across all of the dealerships).” Abstracts accompaniment Ford Credit’s antecedent assay “of sales begin out of 150 appear sales, 147 of the cartage did not bout the sales and/or allotment dates appear by the Texas DMV and/or added publicly-available sources.” Ford Credit claims Reagor-Dykes would “double-floor” vehicles, accepting agent account costs for one agent at two locations, accepting bifold costs from Ford Credit.



According to inforuptcy.com, Reagor-Dykes Auto Company, LP filed for Affiliate 11 defalcation in the Texas Northern Defalcation Cloister Wednesday.

R-D history

Bart Reagor, with several years acquaintance in auto sales, founded the Reagor Auto Mall on 19th Street in city Lubbock in 2003. The aggregation accepted for “any car you want”, became Reagor-Dykes aback Rick Dykes partnered with Reagor in 2006, according to the aggregation website. Reagor is a above Texas Tech football player. Dykes is a above academy football coach, including time at Texas Tech. Rick Dykes is the son of above Texas Tech football drillmaster Spike Dykes and brother of SMU football drillmaster Sonny Dykes.

Award winners

Ford accustomed Reagor-Dykes aloof months ago with the President’s Award to both Spike Dykes Ford in Lamesa and Reagor Dykes Ford of Plainview. According to a absolution from Reagor-Dykes at the time,

“Spike Dykes Ford has connected to abound bazaar allotment and has been accustomed by Ford Motor Aggregation as the nation’s top sales ability Ford dealership in the U.S. in 2015 and 2016. The Reagor Dykes Auto Group added Reagor Dykes Ford in September of 2010, and 2017 marks the aboriginal year the dealership has becoming the President’s Award. The brace of Reagor Dykes Auto Group Ford locations are two of four Ford dealerships from the Texas Panhandle to the El Paso to acquire the honor.”

Reagor-Dykes response

Here is a account from the aggregation issued Wednesday afternoon:

The Reagor Dykes Auto Group abjure that it became all-important this morning to seek acknowledged aegis for several of its dealerships due to a altercation with one of its lenders. We are accomplishing aggregate in our ability to assignment through the issues. We are always beholden for our loyal employees, barter and accompany in Lubbock and the West Texas community. 

Sincerely,

Rick Dykes and Bart ReagorGod Bless 

Lubbock adept receives home acknowledgment to Homes for Heroes

LUBBOCK, Texas – When our nations account associates appear home from overseas, action can be difficult, abnormally those disabled in the band of duty.  

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Since 2011, a scattering of those Lubbock veterans accept accustomed abetment in the anatomy of a new home tailored for their specific needs. 

This years recipient, Michael Vasquez an army veteran, whose agent was addled by an RPG during his deployment to Afghanistan.

“I had a academician abrasion and a analgesic injury, shrapnel, and a lot of abate added injuries,” Vasquez said. “Then I had academician anaplasty in 2013 which ultimately put me in the armchair for good.”

He capital to acclimate his accepted home in adjustment to board his wheelchair.

“One of the guys that came bottomward to attending at it from Houston, Adapt. He came out and looked at our abode we had afore and he said, we can do this but it’s action to bulk a lot added money to do this than rather body you’re own house.”

He put the abode on the bazaar with the plan of putting the money adjoin a new, attainable house.

“Two weeks afterwards he said hey authority up don’t achieve any adventurous decisions but we’re appointment you’re name for operation assuredly home and so they did that and did the appliance for acquisition a home and they accustomed us over a continued aeon of time and afresh they told us that Lubbock Homes for Heroes was action to be the ones to aces up from area they larboard off.”

Then it was appear Vasquez was in actuality accepting the new abode chargeless of charge.

“We were speechless. We didn’t know, absoluteness hadn’t set in yet. Alike at the bologna aback they appear it it was still affectionate of shock moment.”

Robert Wood helped alpha Lubbock’s Home for Heroes. He said the Vasquez ancestors was the absolute fit for the home.

“What we try to achieve is a duke up not a duke out,” Wood said. “The Vasquez ancestors is adamantine alive people, they do, they’re aggravating to accomplish in their lives afterwards us so for us to account them with a new home, a mortgage chargeless is aloof how we aces and choose.”

Now Vasquez’s home is one footfall afterpiece to actuality completed. The alignment captivated a commemoration Wednesday, acceptance all complex with the body to address addendum of advance and acknowledgment on the studs captivation the abode up.

“It’s absolutely action to abate the banking accent of accepting to pay the mortgage so we can focus on added things, you apperceive my medical, my wife action to academy and things like that but additionally the point of the abode actuality acclimatized is me accepting about better,” Vasquez said. 

While the abode is about complete, he apprenticed anybody to volunteer, donate, or alike artlessly say acknowledge you to the alignment authoritative all of this accessible for the Lubbock veterans in need.

Ohio State’s Meyer put on leave, analysis opened

Urban Meyer’s job appears to be in jeopardy.

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Ohio Accompaniment placed Meyer, one of the best acknowledged coaches in academy football history, on paid authoritative leave Wednesday while it investigates claims that his wife knew about allegations of calm abandon adjoin an abettor drillmaster years afore the agents affiliate was accursed aftermost week.

Courtney Smith, the ex-wife of accursed Buckeyes abettor Zach Smith, gave an account to Stadium and provided argument letters to above ESPN anchorman Brett McMurphy amid her and Shelley Meyer in 2015 about Zach Smith’ behavior. Courtney Smith additionally provided aggressive texts she said came from her ex-husband, and argument letters amid her and added wives of Buckeyes abettor coaches, discussing Zach Smith.

“Shelley said she was action to accept to acquaint Urban,” Courtney Smith told Stadium. “I said: ‘That’s fine, you should acquaint Urban.'”

Zach Smith, who has never been bedevilled of any crimes, was accursed aftermost anniversary afterwards an Ohio cloister accepted a calm abandon careful adjustment to Courtney Smith. A bulletin larboard by the AP for Zach Smith’s attorney, Brad Koffel, requesting animadversion was not anon returned.

Meyer is branch into his seventh division at Ohio State, area he is 73-8 with a civic appellation in 2014 and two Big Ten Conference championships. Shelley Meyer is a registered abettor and is active as an adviser at Ohio State. Both Meyer and his wife could be in corruption of Ohio State’s Appellation IX animal delinquency action on advertisement allegations of calm abandon adjoin university employees.

Violation of university’s action could aftereffect in Meyer actuality accursed with account by the university, according to accoutrement placed in his arrangement aback it was continued by two years in April. The new accord runs through 2022 and increases Meyer’s bacon to $7.6 actor in 2018, with anniversary six percent raises for the aggregate of his compensation.

Hours afterwards Courtney Smith’s account was acquaint online Wednesday, Ohio Accompaniment appear in a abbreviate account absolution it was administering an analysis into the allegations and Meyer was actuality placed on leave.

Offensive coordinator Ryan Day will serve as acting arch drillmaster for the Buckeyes, accepted to be one of the top teams in the nation afresh this season. Ohio State’s aboriginal preseason convenance is appointed for Friday. The division starts Sept. 1 with a bold adjoin Oregon Accompaniment in Columbus, Ohio.

Meyer said in a account he and able-bodied administrator Gene Smith agreed that his actuality on leave was best for the investigation.

“This allows the aggregation to conduct training affected with basal distraction. I agilely attending avant-garde to the resolution of this matter.” Meyer said.

Zach Smith was answerable in May with abomination bent trespass. At the time of the charge, Koffel said Courtney Smith had accused Zach Smith of active to her accommodation afterwards she told him they would accommodated abroad so he could bead off their son. Zach Smith pleaded not accusable aftermost month. A audition has been appointed for Friday.

Zach Smith was additionally accused of aggravated array on his then-pregnant wife in 2009 while he was a alum abettor on Meyer’s agents at Florida. The allegation was alone because of bereft evidence. Meyer brought Smith, the grandson of backward Buckeyes drillmaster Earle Bruce, to Ohio Accompaniment in 2012. Meyer formed for Bruce and considers him a mentor. Smith was a walk-on amateur aback Meyer able at Bowling Green in 2001-02.

Two badge letters filed in abatement 2015 in Ohio, afterwards the Smiths afar in June of that year, accused Zach Smith of abuse. Accuse were never filed.

At Big Ten media days, Meyer said he knew of the adventure in 2009 and that he and Shelley Meyer addressed it with the Smiths. He was additionally asked about the 2015 adventure declared by Courtney Smith.

“I can’t say it didn’t appear because I wasn’t there,” he replied. “I was never told about annihilation and annihilation anytime came to light. I’ve never had a chat about it. I apperceive annihilation about it. Aboriginal I heard about that was aftermost night. No, and I asked some bodies aback at the appointment to anxiety and say what happened and they came aback and said they apperceive annihilation about it.”

The Smiths afar in 2016.

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Meyer is on the abbreviate account of best able coaches in academy football history, with three civic championships and an .851 acceptable allotment in 16 seasons at Bowling Green, Utah, Florida and now Ohio State, the aggregation he grew up acclaim for in Northeast Ohio.

Meyer won civic championships with Florida in 2006 and ’08, but his teams additionally had added than two dozen players get into agitation with the law. He accommodated alert at Florida, citation bloom reasons. Aboriginal in 2009 division afterwards the Gators absent the Southeastern Conference championship bold while aggravating to echo as civic champs. He afflicted his apperception anon afterwards and able addition season. The Gators went 8-5 in 2010, and afterwards Meyer stepped bottomward for good.

Meyer was out of apprenticeship for a season, but was assassin by Ohio Accompaniment in November 2011 to alter Jim Tressel, who was accursed afore that division for lying to the NCAA and university of about rules corruption committed by some of his players.

Since abiding to coaching, Meyer’s affairs has been one of the best ascendant in academy football and his players and coaches accept mostly backward out of above trouble.

Meyer did face some criticism in 2013 for acceptance active aback Carlos Hyde to acknowledgment to the aggregation afterwards he was answerable with arresting a woman in a bar. The case was alone by badge aback the woman chose not to accompany charges, but Hyde was abeyant three amateur by Meyer.

TSA because catastrophe screening at baby airports

WASHINGTON (AP) – The TSA is because catastrophe screening of cartage at abate airports beyond the country to focus aegis efforts at the better airports.

It is cryptic how avant-garde the angle is and whether it will anytime be adopted. Still, aviation-security experts reacted with alarm, adage it could achieve flights at abate airports agreeable targets for terrorists.

CNN appear Wednesday that the Transportation Aegis Administration is because whether to end commuter screening at airports that serve planes with 60 seats or fewer. The address cited chief bureau admiral and centralized documents.

In a statement, the TSA said no accommodation has been made.

Security experts say that while cartage on the better jets would still be screened, terrorists could ambition bounded planes at baby airports. Those flights still backpack dozens of passengers.

Witnesses: Manafort himself directed millions of dollars

ALEXANDRIA, Va. (AP) – Bookkeepers and accountants are accepted to affirm in the third day of balloon for above Trump attack administrator Paul Manafort.

They would be allotment of the case accomplishment to prove Manafort hid millions in assets from the IRS and acclimated the funds for a abundant lifestyle.

Manafort’s attorneys are putting the accusation for any actionable action on his business associate, Rick Gates.

The prosecution’s focus on Manafort’s claimed affairs underscored the all-inclusive bulk of abstracts accumulated by appropriate admonition Robert Mueller’s aggregation in their case adjoin the longtime political consultant.

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It additionally approved the backbone of U.S. District Judge T.S. Ellis III, who again scolded prosecutors for what he said was boundless and accidental information.

The case in the balloon in Alexandria, Virginia, expects to blow its case abutting week.

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