Grain warehouses owned by former University of Nebraska Regent David Hergert were shut down after inspectors found more than 58-thousand bushels of corn missing.

The Nebraska Public Service Commission closed all warehouses owned by Hergert Grain and suspended the company's license and took title to the grain stored there.

The amount of corn missing is 61 percent of what the company was supposed to have stored for farmers.

The warehouses, in Scottsbluff and Gering, should have held nearly 95,000 bushels of corn -- instead, they held about 36,000 bushels.

P-S-C officials say news that Hergert was being sued by First National Bank of Omaha for defaulting on loans led to the inspection.

According to the clerk of the Scottsbluff County District Court, that lawsuit has been dismissed.