- Highlights TAFE's integral role in building the Massey Ferguson brand in India over the last six decades
- Believes AGCO's recent attempt to terminate TAFE's right to use the Massey Ferguson brand in India violates the interim status quo order of the Commercial Court in Chennai
- Questions the timing of AGCO's decision to terminate its long-standing partnership with TAFE after TAFE raised concerns regarding AGCO's strategy and performance in its capacity as a long-term, strategic shareholder
Tractors and Farm Equipment Limited ("TAFE" or "we") today announced that it has filed a contempt petition against AGCO Corporation (NYSE:AGCO) ("AGCO" or the "Company") for violating an interim status quo order from the Commercial Court in Chennai by attempting to terminate TAFE's right to use the Massey Ferguson brand in India. TAFE's case regarding its ownership of the Massey Ferguson brand is ongoing in the Madras High Court.
