Former dealer sues Caterpillar for $100m in damages

Neil Gerrard Senior Editor, Construction Briefing

16 July 2024

A former Caterpillar dealer based in Venezuela has filed a lawsuit seeking more than $100 million in damages from the US-based manufacturer.

Venequip claims to have been Caterpillar’s only authorised distributor in Venezuela, with the partnership between the two companies lasting nearly a century.

Its lawsuit alleges that Caterpillar engaged in a “discriminatory pricing scheme” whereby it sold products to its favoured dealers at discounts of as much as 40% and “greenlighted”…

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