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Judge vacates $1.26B ruling against PepsiCo
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MILWAUKEE - A judge is tossing out a decision — for now at least — that could have cost PepsiCo $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. A judge sided with them and gave them a default $1.26 billion judgment last month after the company didn't respond.
PepsiCo says it didn't respond for several reasons, including the fact that a secretary who received letters relating to the case failed to act on them.
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