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GELCO & GE Fleet Services Sue Hecker for $7.2M

EDEN PRAIRIE, MN – GELCO and GE Fleet Services sued Hecker and four of his businesses in federal court May 13 for allegedly defaulting on $7.2 million in car leases that Hecker personally guaranteed, according to the Star Tribune.

by Staff
May 15, 2009
1 min to read


EDEN PRAIRIE, MN – GELCO and GE Fleet Services sued Hecker and four of his businesses in federal court May 13 for allegedly defaulting on $7.2 million in car leases that Hecker personally guaranteed, according to the Star Tribune.

U.S. District Judge Susan Richard Nelson approved a petition May 13 asking that attorneys with Briggs & Morgan could withdraw from an older case because Hecker had no money to pay them. In that case, Matthew Reingold, a former Hecker employee, sued on behalf of himself and other former employees, alleging that they did not receive the required 60-day notice before being laid off from Hecker's Rosedale Dodge, Rosedale Leasing, Rosedale Fleet Leasing, and Walden Fleet Services firms, reported the Star Tribune.

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As recently as last year, Hecker was one of Minnesota's largest auto dealers, claiming $6.8 billion worth of auto sales and service. In less than a year, Hecker has shut or sold 25 of his 26 new and used car dealerships, in addition to putting his Advantage Rent-A-Car business in bankruptcy court and selling its assets in April to Hertz Rent A Car for $30.2 million, according the Star Tribune.


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