What Happened on August 5th

Mira-Pak Settles Suit Against IBM

In an example of the many - and sometimes obscure - legal challenges faced by IBM Corp. due to its dominance in the computer market, Mira-Pak Inc. settled and antitrust suit against the computer giant. Mira-Pak had charged IBM in 1973 with attempting to monopolize the industry for computers to control the weight of snack food packaging. The settlement also involved IBM's agreement to withdraw a counterclaim against Mira-Pak.