Out With a Bang: Enforcers Go After John Deere, Private Equity Billionaires

It’s less than a week until this era of antitrust ends. And while much of the news has been focused elsewhere, enforcers have engaged in a flurry of action, which will by legal necessity continue into the next administration. One case in particular angered some of the most powerful people on Wall Street, the partners of a $600 billion private equity firm called Kohlberg Kravis Roberts (KKR).

Filed a monopolization claim against agricultural machine maker John Deere for generating $6 billion by prohibiting farmers from being able to repair their own equipment, a suit which Wired magazine calls a “ tipping point” for the right to repair movement.

Released another report on pharmacy benefit managers, including that of UnitedHealth Group, showing that these companies inflated prices for specialty pharmaceuticals by more than $7 billion.

Sued Greystar, a large corporate landlord, for deceiving renters with falsely advertised low rents and not including mandatory junk fees in the price.

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