UPDATE: Jury orders Reagor to pay $53.7 million
Update 3:40 p.m.:
After one hour deliberation, a jury has ordered Bart Reagor to pay $53,759,450.96 to Ford Motor Credit Company for violating dealership agreements.
Original story 3:15 p.m.:
Testimony has wrapped in the Ford Motor Credit v. Bart Reagor trial. Jurors Thursday afternoon are now deliberating how much Reagor owes.
During day two of testimony Ford Credit's attorneys argued the numbers are clear and the math shows Reagor owes about $54 million for violating its dealership agreements he signed. They said they wanted to take no chances, which is why they unearthed each document and balance sheet, spending hours of testimony pouring through so many specific figures.
Ford Credit's attorneys argued the defense never offered a specific amount Reagor owes. Furthermore, they questioned why the defense did not provide someone to testify on the amount Reagor owes.
Reagor's attorneys said Ford started "reading a book on the last page", by not showing audit information from both June and July 2018, only relying on the later audit. Reagor's attorneys said Ford Credit has already recovered $64 million.
The defense attorneys said, at most, Reagor owes about $2 million. Reagor's legal team argued, when adding numbers up from July 31 and August 1, 2018 balance sheet, jurors would not be able to find he owes anything more.
Reagor's attorneys repeatedly made attempts to undermine Ford Credit's witness' credibility, saying the witness has never been to any of the six dealerships.
Earlier Thursday Senior U.S. District Judge Sam Cummings issued a gag order to Reagor and any representatives speaking for or on his behalf.
Check back here for an update on what the jury decides.