The Tony Show
11-03-09, 09:44 PM
Two guys sued Pepsi, claiming that they actually came up with the idea for bottled water 30 years ago and Pepsi stole the concept. For whatever reason, Pepsi failed to show up in court and defend themselves, and the judge ruled in favor of the plaintiffs to the tune of $1.26 billion (with a B) dollars.
When PepsiCo Inc. didn't show up in Jefferson County Circuit Court to defend itself against accusations it hijacked the idea of two Wisconsin men to sell water in bottles, a judge decided against the soft-drink maker and handed the pair one big gulp of a damage award - $1.26 billion.
Now PepsiCo, alarmed by the enormous default judgment, is pushing hard to have the award rescinded.
Although the case was filed in April and the damage award was handed down by Circuit Judge Jacqueline R. Erwin on Sept. 30, PepsiCo contends the proper people in the company didn't even know about it until Oct. 5 because of a series of miscues.
PepsiCo did not immediately respond to a Journal Sentinel request for comment, but company spokesman Joe Jacuzzi told the Associated Press the company feels it has been denied due process and wants the opportunity to defend itself, although it acknowledges an "internal process issue."
The case was filed by Charles A. Joyce of Juneau and James R. Voigt of Cleveland, who allege that in 1981 they entered into confidentiality agreements with an executive of Watertown-based Pepsi products distributor Wis-Pak Inc. and an executive of Carolina Canners Inc. of Cheraw, S.C., about their idea for a new product.
Joyce and Voigt contend that Wis-Pak and Carolina Canners breached their confidentiality agreement with them because Pepsi began making and distributing its purified bottled water product Aquafina. The lawsuit argues that PepsiCo used information it knew was secret when it began selling Aquafina years later.
Full Story Here (http://www.jsonline.com/business/67094322.html).
Among the several ways that this story is shocking however, no aspect is more amazing than the fact that Pepsi hasa spokesman named Joe Jacuzzi- That's awesome!
When PepsiCo Inc. didn't show up in Jefferson County Circuit Court to defend itself against accusations it hijacked the idea of two Wisconsin men to sell water in bottles, a judge decided against the soft-drink maker and handed the pair one big gulp of a damage award - $1.26 billion.
Now PepsiCo, alarmed by the enormous default judgment, is pushing hard to have the award rescinded.
Although the case was filed in April and the damage award was handed down by Circuit Judge Jacqueline R. Erwin on Sept. 30, PepsiCo contends the proper people in the company didn't even know about it until Oct. 5 because of a series of miscues.
PepsiCo did not immediately respond to a Journal Sentinel request for comment, but company spokesman Joe Jacuzzi told the Associated Press the company feels it has been denied due process and wants the opportunity to defend itself, although it acknowledges an "internal process issue."
The case was filed by Charles A. Joyce of Juneau and James R. Voigt of Cleveland, who allege that in 1981 they entered into confidentiality agreements with an executive of Watertown-based Pepsi products distributor Wis-Pak Inc. and an executive of Carolina Canners Inc. of Cheraw, S.C., about their idea for a new product.
Joyce and Voigt contend that Wis-Pak and Carolina Canners breached their confidentiality agreement with them because Pepsi began making and distributing its purified bottled water product Aquafina. The lawsuit argues that PepsiCo used information it knew was secret when it began selling Aquafina years later.
Full Story Here (http://www.jsonline.com/business/67094322.html).
Among the several ways that this story is shocking however, no aspect is more amazing than the fact that Pepsi hasa spokesman named Joe Jacuzzi- That's awesome!