CharlesW23h ago

John Deere to pay $99M in right-to-repair settlement

https://www.thedrive.com/news/john-deere-to-pay-99-million-in-monumental-right-to-repair-settlement

John Deere to Pay $99 Million in Monumental Right-to-Repair Settlement

The ag manufacturing giant will also make digital diagnostic, maintenance, and repair tools available to third parties for 10 years.

The Drive
Show threaddarth_avocado
The stock is up 5% today. What’s the catch?
Apr 8 at 9:37pmWeb
Show threadexplodes22h ago
IANAL but my understanding with settlements is that It removes the possibility of the defendant risking a judgement of wrongdoing and causing more problems down the road, like having to fix their mistakes.
Show threadbluGill21h ago
The market doesn't care. It is a big deal to some people here, but to the vast majority it doesn't change a thing (or doesn't seem to) and so the markets don't care.
Show threadtartoran21h ago

> What’s the catch?

99m is a drop in the bucket. They were probably expecting more.

Show threadjabwd20h ago

They settled, and paid pennies for being able to continue the status quo. Given that the headline is journalistic malpractice at best; and you asking this question kinda proves that.

> While the agricultural manufacturing giant pointed out in a statement that this is no admission of wrongdoing

Welp, gotta sue again in the future, hopefully lobbied laws in place to prevent whatever forced them to settle by then!

Show threadjauntywundrkind20h ago
Anticipating 10.01 years from now, when John Deere sends a new over the air update and the situation goes right back to where it was, with no one having access to their equipment.