Sources: Reagor-Dykes cannot make payroll

Sources: Reagor-Dykes cannot make payroll

Posted: Updated:
LUBBOCK, Texas -

Multiple sources tell FOX34 Reagor-Dykes Auto Group can't meet its payroll obligations.

Employees and their families say CEO Bart Reagor used a Skype conference call to inform all members of the auto group they won't be receiving paychecks for the past two weeks. 

RELATED: Mayor: Downtown Lubbock growth to remain strong regardless of Reagor-Dykes future
ORIGINAL STORY: Ford Motor Credit sues Reagor-Dykes; R-D files for chapter 11 bankruptcy

Sources say the company halted its commission work Monday, the day before the lawsuit was filed. During the call, we're told Reagor says rumors aren't true and the company will bring whoever "did this" to justice.

Employees we spoke to report Reagor's partner Rick Dykes told them he opened a personal account to pay them, but no withdrawals can be made from it yet.

Company managers reportedly told employees they're hopeful this will all be resolved. But they should move on, for now.

Powered by Frankly
All content © Copyright 2000 - 2019 RAMAR. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.