John Deere Tries To Plow Down $2B Fraud Suit

Law360, New York (June 17, 2011, 3:01 PM EDT) -- Deere & Co. asked a federal judge in Washington state Thursday to dismiss a qui tam suit alleging the equipment maker’s lending unit fraudulently issued $2 billion in senior unsecured debt under the U.S. government’s emergency liquidity program enacted during the financial crisis.

Deere argues in a motion to dismiss that the suit falls far short of False Claims Act standards, relying on public information to form its allegations and failing to allege causes of action on multiple counts.

Jose Cervantes, the owner of an orchard...
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