"Deere & Co. has faced allegations of monopolizing repair services, with claims that the company withheld repair software and conspired with dealers to restrict farmers' repair options."
"The proposed settlement includes a $99 million fund for class members who paid for repairs, addressing concerns over 'supracompetitive' pricing and an unlawfully restrained market."
"Despite agreeing to the settlement, Deere maintains its commitment to customer support and access to necessary repair resources, emphasizing a focus on serving customers."
"Deere is also dealing with ongoing litigation from the Federal Trade Commission, which accuses the company of unfair practices that have increased repair costs for farmers."
Deere & Co. has agreed to a $99 million settlement to resolve a class action lawsuit alleging monopolization of repair services. The lawsuit claimed Deere withheld repair software and conspired with authorized dealers to force farmers to use their services, leading to higher prices. Although Deere denies wrongdoing, the settlement aims to enhance repair resource availability. The fund will compensate class members who paid for repairs from January 2018 until preliminary approval. Deere also faces separate litigation from the FTC regarding unfair practices.
Read at Fast Company
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