1976: Cat asks for dismissal of annexation suit

March 3, 1976: Caterpillar filed a motion to dismiss a $50 million lawsuit against the company filed by the City of Eldridge. The suit was regarding Caterpillar’s announcement it planned to voluntarily annex into the City of Davenport. The $50 million represented the amount Eldridge estimated as the loss of tax revenue. Meanwhile, the company also announced plans to expand its Mount Joy plant, adding on to the manufacturing and office facilities.