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Edited on Sun Nov-08-09 05:13 PM by truedelphi
Two men who are citizens if Wisconsin filed a lawsuit against PepsiCo.
They claimed that before Pepsi brought out its bottled water, they had met with Pepsi executives and told them how profitable this would be.
They were told their idea had no merit.
Then Pepsi started bottling Aquafina water. The two guys decided to sue Pepsi. They submitted the legal claim and filings to the Pepsi office in the Carolinas, which is the proper action, as that is where Pepsi has its charter of incorporation.
Pepsi, though, operates out of somewhere in New York. They never received the legal papers, and thus were a "no show" at their trial. And the judge ruled for the two plaintiffs.
Thus the two plaintiffs were awarded a 1.26 billion dollar judgement against Pepsi.
Now PepsiCo has its feathers all ruffled skyward. How dare these men present the papers to their office in the Carolinas, just because that is what proper legal interpretation dictates?
Pepsi plans on stopping this action. I am sure it has enough moolah to buy out whatever judge it needs to buy out, but for the moment, those two guys must feel that victory is sweet.
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