Advertisement
YOU ARE HERE: LAT HomeCollections

Business Briefing / Courts

Ruling against PepsiCo vacated

November 07, 2009|Times Wire Reports

A Wisconsin 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 alleging it stole the idea for bottled water.

Two men claim that PepsiCo violated trade secrets and stole their idea to sell bottled water. They won a default $1.26-billion judgment last month after PepsiCo didn't respond.

PepsiCo says a secretary who received letters relating to the case failed to act on them.

Advertisement
Los Angeles Times Articles
|
|
|