One of the world’s leading manufacturers of large equipment has been accused of illegal use of the new production system from its competitor, the British company Miller UK Ltd. The system allows to replace equipment when working on excavators, which gives an employee the opportunity to perform all operations without leaving the cab. Caterpillar received a lawsuit 5 years ago, and as a result of the 2-month trial, the court ruled the company to pay out the multimillion-dollar compensation.
The negative news has strongly affected the value of Caterpillar shares, which has already decreased by 1.04%. Traders have a great chance to earn money on a further fall. Trading will be available during the American session, from 13:40 to 20:00 GMT time.
The news is only for informational purposes and cannot be construed as an offer or indication of the commission of certain transactions in the financial and commodity markets.