PepsiCo Inc has been handed a $1.26 billion default judgement for not showing up in court.
Their excuse…Kathy Henry, a secretary in PepsiCo’s law department was forwarded a vital letter pertaining to the case. She put aside the letter and didn’t tell anyone because she was “so busy preparing for a board meeting”.
Well played Kathy. Outstanding secretarial skills on display.
Sorry for you..no Christmas bonus.
The judgement surrounds the case alleging that PepsiCo stole the idea to bottle and sell purified water from two Wisconsin men.
“The litigation began in April when Charles Joyce and James Voigt sued the soft drink maker and two of its distributors, alleging they had misappropriated trade secrets from confidential discussions the plaintiffs had with the distributors in 1981 about selling purified water. The information was illicitly passed to PepsiCo, which used it to develop and sell Aquafina bottled water, the plaintiffs allege in the case filed in the Circuit Court of Jefferson County before Judge Jacqueline Erwin.“[Yahoo]
Pay that man his money.