Deere & Company Reaches Settlement In Right-to-Repair Litigation
Deere & Company settled the right-to-repair lawsuit, establishing a fund for class members and reaffirming support for repair resources.Summary
Deere & Company announced a settlement agreement to resolve the multidistrict “right to repair” litigation pending in the United States District Court for the Northern District of Illinois. The settlement addresses claims made in a 2022 complaint and concludes the case without any admission of wrongdoing by Deere. As part of the agreement, Deere will contribute funds to a class settlement fund, which will be distributed to eligible class members following court approval, and will also cover associated administrative and legal expenses. Deere also reiterated its dedication to assisting customers and service providers by maintaining access to essential repair resources, including tools, manuals, and diagnostic software. The settlement is contingent upon approval by the United States District Court for the Northern District of Illinois. Deere’s stock experienced a slight decline during regular trading on Monday, closing at $575.09, but saw a minor increase in after-hours trading to $575.21.
(Source：Finanzen)