Caterpillar hit with $100 million US jury verdict in importer's lawsuit [Reuters]
Caterpillar, Inc. (CAT)
Last caterpillar, inc. earnings: 4/28 06:30 am
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Source: Reuters
unlawfully interfering with a key sales agreement and driving it out of business, a Delaware federal jury said on Tuesday. The jury concluded New Tab , opens new tab that Irving, Texas-based Caterpillar was responsible for contract-related damages suffered by the importer, International Construction Products (ICP). Caterpillar did not immediately respond to requests for comment on Wednesday. The verdict, which followed nearly 10 years of litigation and about two weeks of trial, can be appealed. “This victory not only vindicates our client's perseverance but also sets a precedent for resilience and justice in the face of adversity,” said ICP's lawyer William Isaacson. He said the company's business had been “devastated.” Asheville, North Carolina-based ICP, founded in 2013, billed itself as an innovator that was importing and selling new heavy construction equipment directly to consumers through the industry's dominant online forum, IronPlanet. Report this ad IronPlanet w
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CAT
News
- Caterpillar Announces Voluntary Delisting from Euronext Paris [Yahoo! Finance]Yahoo! Finance
- Caterpillar Announces Voluntary Delisting from Euronext ParisPR Newswire
- Cat Financial reports promising Q1 2024 results despite challenges for Caterpillar Inc [Yahoo! Finance]Yahoo! Finance
- Stock Market News for Apr 26, 2024 [Yahoo! Finance]Yahoo! Finance
- Caterpillar Inc. (NYSE: CAT) had its price target raised by analysts at TD Cowen from $338.00 to $340.00. They now have a "buy" rating on the stock.MarketBeat
CAT
Earnings
- 4/25/24 - Beat
CAT
Sec Filings
- 4/29/24 - Form 4
- 4/29/24 - Form ARS
- 4/29/24 - Form DEFA14A
- CAT's page on the SEC website