Case Details

Year Initiated/Committed

1992

Year Resolved

1992

Settlement Amount

$72,213 and $27,000 in equipment

Court

n/a

Docket Number

n/a

Lead State

FL

Participating States

FL

Defendant(s)

International Business Machines Corporation, Cunningham-Woods, Inc., and Anthony Panariello

Case Description

As part of a negotiated settlement, the State of Florida sought civil damages, alleging that International Business Machines Corporations (IBM) conspired with Cunningham-Woods and Anthony Panariello to rig the bid for a Liebert Frequency Converter purchased by the Broward County School Board, thus restraining competition for computer services. In order to resolve the dispute, IBM agreed to a settlement sum of $72,213 and $27,000 in computer equipment, distributed to Broward County.