John Deere Reaches $99 Million Settlement in 'Right to Repair' Antitrust Lawsuit

Deere & Company has agreed to a $99 million settlement to resolve a class-action antitrust lawsuit regarding 'Right to Repair' restrictions. Under the terms, eligible farmers who paid authorized dealers for repairs since January 2018 can seek refunds, while the company must provide diagnostic tools for the next decade. Despite the settlement, farmers continue to express concerns regarding Deere's tight control over repairs and the escalating costs associated with maintaining complex equipment. John Deere issued financial guidance projecting net income between $4.5 billion and $5.0 billion, even as it faces a separate FTC investigation. Investors remain focused on whether this persistent friction and the mandated structural changes will impact the long-term profitability of DE stock. The settlement is currently awaiting final court approval and does not include an admission of wrongdoing.