Deere and Co agrees to pay $99M to settle 'right to repair' lawsuit
8 hours ago
- #Right to Repair
- #Class Action Lawsuit
- #Agricultural Equipment
- Deere & Co. agrees to pay $99 million to settle a class action lawsuit regarding 'right to repair' allegations.
- The lawsuit accused Deere of monopolizing repair services by withholding software and conspiring with authorized dealers.
- The settlement fund will compensate class members who paid for large agriculture equipment repairs between Jan. 10, 2018, and the deal's preliminary approval.
- Deere denies wrongdoing but agreed to the settlement to focus on serving customers, and will provide additional repair resources and diagnostic access.
- Separate litigation from the FTC continues, accusing Deere of unfair practices that increase repair costs and hinder timely repairs for farmers.
- 'Right to repair' issues affect various sectors, including smartphones and consoles, leading to state legislative efforts.