In the amusing if likely to be overturned category….
It seems that the company is being sued by Charles Joyce and James Voigt who claimed that the company had used information they supplied as a basis for the Aquafina bottle water product.
The lawsuit was filed in April but according to Pepsi they did not get notice until September. A secretary says she set aside the letter because she was getting ready for a board meeting. As a consequence a default order was entered on September 30th for $ 1,260,000,000.
Pepsi has filed motions to set aside the default and my guess is that the motion will be granted.
But talk about a bad day at work