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PepsiCo to pay $1.26 billion for missing court date

Lawyers for PepsiCo failed to put in an appearance at a Wisconsin state court last month to defend the company against claims that it stole the idea for Aquafina bottled water -- so the judge entered a whopping $1.26 billion default judgment against the soft-drink giant. Now Pepsi is scrambling to have the damages dropped, claiming that due to a breakdown in internal communications, their legal department wasn't notified of the court date in time.

Law.com | 10/28

This story published in SmartBrief on Leadership on 10/30/2009

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