The Federal Trade Commission today filed suit against Deere (DE), stating that the company “has illegally restricted the ability of farmers and independent technicians to repair Deere equipment, including tractors and combines.” The Commission’s complaint charges that Deere’s repair restrictions “have driven up repair costs for farmers while also depriving them of choice and the ability to make timely repairs on critical equipment, including tractors and combines, and that these practices violate Section 2 of the Sherman Act and Section 5 of the FTC Act.” Shares of Deere are down 84c to $431.47 in morning trading.
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