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Old 09-15-2008, 10:04 AM   #1
XDCX
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Default Key Bank files $9.1 Million lawsuit against D & R Motors

News reports indicate that Key Bank has filed a $9.1 Million lawsuit against D & R Motors. D & R Motors has a used car dealership in Hermiston, OR and new car dealerships in Enterprise, OR.

Here's a link to the news report: http://www.eastoregonian.info/main.a...52&TM=72801.63

If you've never been to Enterprise, OR it's a really small town in an isolated part of Eastern Oregon. Their Chrysler Jeep Dodge dealership had only sold 32 new vehicles during the first eight months of the year.

How did they manage to obtain a flooring balance of $9.1 Million? That seems like a huge number for such a small dealership.
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