Bus company suing Hendrick

Rick Hendrick (L)

The trustee for bus company DesignLine is suing to recover $300,000 from car dealer Rick Hendrick and his NASCAR race team, according to a bankruptcy court filing. DesignLine issued Hendrick three payments of $100,000 each in 2011 and 2012 after the company's chairman borrowed $800,000 from Hendrick in 2010.

Buster Glosson, a retired Air Force lieutenant general, borrowed $800,000 from Hendrick in February 2010. The suit states DesignLine "received no benefit" from the borrowed money. The remaining $500,000 owed was amended to a promissory note in 2012, according to the suit.

Glosson and his son, former DesignLine CEO Brad Glosson, bought and moved the bus company to Charlotte in 2006. Elaine Rudisill, the trustee for DesignLine, could not be reached Tuesday afternoon. In the suit, she refers to a DesignLine memo in 2011 calling for monthly payments of $100,000 to Hendrick for design, testing and advice on suppliers.

DesignLine records "do not reflect that (Hendrick) provided any of the … assistance" and "later reflect an amended memorandum … that HMS is owed monies from the 2009-10 time period." A Hendrick spokesman declined to comment. Charlotte Business Journal