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-0.000162364020132991 -0.000584510472479321 0.000438382854359444 -0.000267900633219619 0.000561779509660665 0.00150998538723829 -0.0015911673973046 0.000178600422146474
Stock impact report

Deere agrees to pay $99M in ‘right to repair' settlement [Yahoo! Finance]

Deere & Company (DE) 
Last deere & company earnings: 2/21 06:45 am Check Earnings Report
US:NYSE Investor Relations: investor.deere.com/home/default.aspx
Company Research Source: Yahoo! Finance
Dive Brief: Deere & Co. has agreed to pay $99 million as part of a settlement to resolve a class-action lawsuit in federal district court that accused the tractor manufacturer of conspiring to monopolize its repair services market. The Moline, Illinois-based company, which does business under the John Deere brand, said it will ensure that its repair resources are widely available to farmers and independent repair providers. The settlement applies to people who paid authorized dealers to repair their large equipment purchased from Deere starting on Jan. 10, 2018. It is subject to approval by a judge later this month and would end the case with no indication of wrongdoing. Dive Insight: Deere has faced a number of “right to repair” lawsuits in recent years. The underlying issue stems from a growing movement of consumers who seek to repair their own products, such as cell phones, laptops, cars and tractors, instead of going back to the original manufacturer for services. Des Show less Read more
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