A Wisconsin judge has ordered PepsiCo Inc (PEP) to pay $1.26
billion to two men who said it stole their idea to sell purified
water to develop Aquafina, Reuters reported Wednesday.
Charles Joyce and James Voigt won the Sept. 30 default judgment
after PepsiCo didn't respond to their complaint filed April 28
against the drinks maker and two distributors, the report said,
citing filings with the Jefferson County Circuit Court.
PepsiCo filed a motion on Oct. 13 asking the court not to
enforce the judgment, the report said.
The company said a secretary had set aside a letter sent Sept.
18 to the legal department about the case because she was busy
preparing for a board meeting.
The legal department finally acted on the complaint when it
received a copy of the plaintiff's motion for the default judgment
Oct. 5, PepsiCo said, according to the report.
Full story:
http://www.reuters.com/article/newsOne/idUSTRE59R58N20091028