Jury concludes that Caterpillar owes $100m to importer amid US lawsuit

Neil Gerrard Senior Editor, Construction Briefing

19 April 2024

New yellow Caterpillar excavators arranged in a line. Image: scharfsinn86 via AdobeStock - stock.adobe.com

A jury in the US has concluded that Caterpillar must pay $100 million to an importer, following a legal dispute between the two companies.

The Delaware federal jury found that importer International Construction Products (ICP) suffered contract-related damages and that Caterpillar was responsible, according to a report by Reuters.

ICP, based in Asheville, North Carolina, imported and sold new heavy construction equipment directly to consumers through the IronPlanet auction platform,

But in a…

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