John Deere to pay $99M in right-to-repair settlement
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Re: John Deere to pay $99M in right-to-repair settlement
#2The second paragraph likely answers some of your immediate questions
> The settlement also includes an agreement by Deere to provide “the digital tools required for the maintenance, diagnosis, and repair” of tractors, combines, and other machinery for 10 years. That part is crucial, as farmers previously resorted to hacking their own equipment’s software just to get it up and running again. John Deere signed a memorandum of understanding in 2023 that partially addressed those concerns, providing third parties with the technology to diagnose and repair, as long as its intellectual property was safeguarded. Monday’s settlement seems to represent a much stronger (and legally binding) step forward.
Re: John Deere to pay $99M in right-to-repair settlement
#3The stock is up 5% today. What’s the catch?
Re: John Deere to pay $99M in right-to-repair settlement
#4The stock is up 5% today. What’s the catch?
The market expected a worst outcome ?
Re: John Deere to pay $99M in right-to-repair settlement
#5The complete crack of Deere's firmware in 2022 must have had some impact on this.
https://www.theregister.com/2022/08/16/john_deere_doom/
Edit: 'Sick Codes confirmed that he believes John Deere failed to comply with its GPL obligations. "I'd love for them to come forward and explain how they are in compliance," he said.'
Re: John Deere to pay $99M in right-to-repair settlement
#6Re: John Deere to pay $99M in right-to-repair settlement
#7The stock is up 5% today. What’s the catch?
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.
Re: John Deere to pay $99M in right-to-repair settlement
#8Seems like a small price for a big company. Shouldn’t there be some higher punitive fine for even trying this tactic? It’s basically zero cost for companies to be abusive.
Re: John Deere to pay $99M in right-to-repair settlement
#9The stock is up 5% today. What’s the catch?
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.
Re: John Deere to pay $99M in right-to-repair settlement
#10The stock is up 5% today. What’s the catch?
> What’s the catch?
99m is a drop in the bucket. They were probably expecting more.