Published: Saturday, November 7, 2009
Bottled-water suit vs. PepsiCo is tossed
A judge has tossed out a decision that could have cost PepsiCo Inc. $1.26 billion after the soft drink maker didn’t respond to a lawsuit claiming it stole the idea for bottled water.
The decision Friday by a Wisconsin court means PepsiCo will get its say in court — now that it has found out about the case.
Two men claim PepsiCo violated trade secrets and stole their idea to sell bottled water. They sued the company and two distributors in April, but PepsiCo didn’t respond for several reasons, including that a secretary failed to act on letters relating to the case.
A judge sided with the men without a trial and gave them a default $1.26 billion judgment. When PepsiCo finally learned of the decision, it asked the court to toss out the ruling or at least give it a chance to fight the accusations.
Associated Press
The decision Friday by a Wisconsin court means PepsiCo will get its say in court — now that it has found out about the case.
Two men claim PepsiCo violated trade secrets and stole their idea to sell bottled water. They sued the company and two distributors in April, but PepsiCo didn’t respond for several reasons, including that a secretary failed to act on letters relating to the case.
A judge sided with the men without a trial and gave them a default $1.26 billion judgment. When PepsiCo finally learned of the decision, it asked the court to toss out the ruling or at least give it a chance to fight the accusations.
Associated Press
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