The US Federal Trade Commission and the states of Illinois and Minnesota filed a lawsuit against Deere (DE) for allegedly driving up equipment repair costs for farmers and depriving them of the ability to make timely repairs on important farming equipment.
"Illegal repair restrictions can be devastating for farmers, who rely on affordable and timely repairs to harvest their crops and earn their income," FTC Chair Lina Khan said Wednesday in a statement. "The FTC's action today seeks to ensure that farmers across America are free to repair their own equipment or use repair shops of their choice -- lowering costs, preventing ruinous delays, and promoting fair competition for independent repair shops."
Deere didn't immediately respond to a request for comment from MT Newswires.
Price: 427.96, Change: -4.35, Percent Change: -1.01
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。