Deere Must Face FTC's Antitrust Lawsuit Over Repair Costs, US Judge Rules

Agriculture equipment giant Deere must face a lawsuit by the U.S. Federal Trade Commission accusing the company of forcing farmers to use its authorized dealer network and driving up their costs for parts and repairs, a U.S. judge has ruled. From a report: U.S. District Judge Iain Johnston in the federal court in Rockford, Illinois on Monday ruled for now to reject, opens new tab Deere's effort to end the lawsuit, which was filed at the end of Democratic President Joe Biden's administration in January. The lawsuit alleges Deere is violating federal antitrust law by controlling too tightly where and how farmers can get their equipment repaired, allowing the Illinois-based company to charge artificially higher prices. The FTC was joined in its lawsuit by Michigan, Wisconsin and three other U.S. states.

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