• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

FTC set to sue Deere over equipment repair practices, Bloomberg News says

by January 15, 2025
written by January 15, 2025

(Reuters) – The U.S. Federal Trade Commission has prepared a lawsuit against Deere & Co (NYSE:DE) alleging the company’s agricultural equipment repair practices violate competition laws, Bloomberg News reported on Tuesday, citing people familiar with the matter.

The report also said the FTC was prepared to file the case as soon as this week, over concerns that the farm equipment maker had withheld key information and diagnostic tools from farmers and independent repair shops.

The FTC’s commissioners have not taken a final vote on whether to file a case, according to the report.

Deere and the FTC did not immediately respond to Reuters requests for comment.

The investigation was first authorized in 2021 and made public in October through a filing by data analytics company Hargrove & Associates Inc, which sought to quash an FTC subpoena seeking market data submitted to it by members of the Association of Equipment Manufacturers.

At the time, a Deere spokesperson said the company was cooperating with the FTC.

Hargrove’s filing said the FTC was probing whether Deere violated the Federal Trade Act’s section 5, which prohibits unfair or deceptive practices affecting commerce.

The investigation looked into restrictions placed on customers’ “right to repair” the hardware or software they have purchased.

Deere also faces lawsuits from farmers on the same issue.

In June, Harley-Davidson (NYSE:HOG) persuaded a judge to dismiss a proposed class action claiming the company restricted customers’ “right to repair” while Tesla (NASDAQ:TSLA) beat a similar lawsuit in November 2023 alleging that the automaker monopolizes repairs.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Trump Transportation Dept nominee says he will work to restore global confidence in Boeing
next post
Longtime UAW union officer to retire, sources say

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Trump implies government could cut contracts and subsidies to Musk’s companies

      June 7, 2025
    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 5, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (505)
    • Stock (6,426)

    Latest News

    • Trump implies government could cut contracts and subsidies to Musk’s companies
    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

    Popular News

    • Gautam Adani, indicted in US, is a controversial first-generation Indian tycoon
    • Trump Treasury pick Scott Bessent to prioritize tax cuts, WSJ reports

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy