PepsiCo Ordered To Pay Over $1 Billion To Waukesha Co. Men - Truckers' Trucking Forum

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PepsiCo Ordered To Pay Over $1 Billion To Waukesha Co. Men

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3 Weeks Ago

Baack

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PepsiCo Ordered To Pay Over $1 Billion To Waukesha Co. Men

Quote:

MILWAUKEE -- Pepsi Cola was ordered to pay more than $1 billion to two Waukesha County men who accused the company of stealing their idea to bottle and sell purified water

The company didn't show up in court, so a Wisconsin judge ordered Pepsi to pay Charles Joyce and James Voigt more than $1.2 billion in a default judgment.

According to an article in the National Law Journal, "The men 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 article said, "PepsiCo argues that the statute of limitations should preclude the lawsuit, brought 15 years after the company started selling Aquafina and more than two decades after the alleged confidential talks."

The company is appealing the decision, saying is wasn't aware of the lawsuit until after the decision was handed down earlier this month.

http://www.wisn.com/news/21459909/detail.html

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