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Nebraska bank reinstated in missing-car lawsuit

Nebraska bank reinstated in missing-car lawsuit

By Associated Press | Posted - Nov. 17, 2010 at 8:06 a.m.



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OMAHA, Neb. (AP) -- A western Nebraska bank has been reinstated as a defendant in a federal lawsuit filed by three former executives of a Scottsbluff car dealership.

Allen Patch, Rachel Fait and Rick Covello, who now live in Utah, were investigated after more than 80 vehicles disappeared from Legacy Auto Group in March 2009 and most later turned up in other states. They faced dozens of charges of theft and title fraud, which were later dropped.

The trio sued Platte Valley Bank and Toyota's financing companies, saying they gave false information to authorities that indicated they -- not the dealership -- owned the vehicles.

The federal judge dismissed the bank from the case earlier this month, but later reinstated it.

The bank continues to seek its dismissal from the case.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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