Thursday, October 29, 2009

Pepsi Facing $1.26 Billion Default Judgment in Wisconsin

Reuters is reporting: "A Wisconsin judge has ordered PepsiCo Inc to pay $1.26 billion to two men who said it stole their idea to sell purified water after a secretary mislaid a document alerting the world's No. 2 soft drink maker the lawsuit existed."

The case is pending in Jefferson County Circuit Court. Pepsi has moved to vacate the default judgment.

For additional coverage see here.

--A

http://lawprofessors.typepad.com/civpro/2009/10/pepsi-facing-126-billion-default-judgment-in-wisconsin-.html

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