PepsiCo misplaces letter, faces $1.26 bln judgment, page 1
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Topic started on 2-11-2009 @ 01:24 AM by Desolate Cancer

PepsiCo misplaces letter, faces $1.26 bln judgment


www.cnbc.com
It's an expensive lesson on the importance of reading your mail. 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 judgment amount is equal to more than 20 percent of PepsiCo's reported annual profits in recent years, regulatory filings show
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www.thenewlawyer.com.au
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