Deere Sued by US FTC, 2 States Over Alleged Equipment Repair Restrictions

MT Newswires Live01-16

The US Federal Trade Commission and the states of Illinois and Minnesota filed a lawsuit against Deere (DE) for allegedly driving up equipment repair costs for farmers and depriving them of the ability to make timely repairs on important farming equipment.

"Illegal repair restrictions can be devastating for farmers, who rely on affordable and timely repairs to harvest their crops and earn their income," FTC Chair Lina Khan said Wednesday in a statement. "The FTC's action today seeks to ensure that farmers across America are free to repair their own equipment or use repair shops of their choice -- lowering costs, preventing ruinous delays, and promoting fair competition for independent repair shops."

Deere didn't immediately respond to a request for comment from MT Newswires.

Price: 427.96, Change: -4.35, Percent Change: -1.01

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