fintech / news / / Des Moines Register
John Deere has agreed to a $99 million settlement fund for farmers in a class-action lawsuit over repair costs.
John Deere will provide farmers with repair tools and software for 10 years under the settlement.
KEY POINTS
- The $99 million settlement fund covers farmers who paid for dealer repairs since January 2018.
- The settlement awaits a judge's approval and does not include an admission of wrongdoing by Deere.
- Deere still faces a separate FTC lawsuit over alleged anti-competitive repair practices.
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