PepsiCo Loses $1.26 BILLION Lawsuit After Failing To Show Up For Trial

News Type: Event — Seeded on Thu Oct 29, 2009 9:01 AM EDT

Article Source: Wall Street Journal

us-news, new-york, lawsuit, trial, north-carolina, pepsi, pepsico, damages, joe-jacuzzi

the lawsuit sat in North Carolina for months and months. Finally, in the face of PepsiCo's silence, a default judgment was entered, and a damages award tallying $1.26 billion (yes, $1.26 billion) was entered on Sept. 30. PepsiCo filed motions to vacate the order and dismiss the claims on Oct. 13, saying it wasn't even aware of the lawsuit until Oct. 6.

"The bottom line is there was a defect in the process for us, but also for" the plaintiffs, said PepsiCo spokesman Joe Jacuzzi, who called the case "highly dubious."

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{"commentId":10353383,"authorDomain":"killfile"}

Killfile

That's why you show up to court. Also... Pepsi has a spokesperson named Joe Jacuzzi? Really?

{"commentId":10353383,"threadId":"712264","contentId":"3439043","authorDomain":"killfile"}

4 votes

#1 - Thu Oct 29, 2009 10:31 AM EDT

{"commentId":10353547,"authorDomain":"Wheel"}

Wheel

In court papers, PepsiCo claims it first received paperwork from North Carolina agent on Sept. 15 when a copy of a co-defendant’s letter was forwarded to Deputy General Counsel Tom Tamoney in PepsiCo’s law department. Tamoney’s secretary put the letter aside and didn’t tell anyone about it because she was “so busy preparing for a board meeting,” PepsiCo said in its Oct. 13 motion to vacate.

OPPSS!!

{"commentId":10353547,"threadId":"712264","contentId":"3439043","authorDomain":"Wheel"}

5 votes

#2 - Thu Oct 29, 2009 10:38 AM EDT

{"commentId":10356511,"authorDomain":"beaumrtn"}

beaumrtn-619640

I would think the court papers would be a little more important than a board meeting. I'm sure someone is looking for a new job now. I bet she got the OPPSS!! alright, lol

{"commentId":10356511,"threadId":"712264","contentId":"3439043","authorDomain":"beaumrtn"}

4 votes

#2.1 - Thu Oct 29, 2009 12:45 PM EDT

{"commentId":10354009,"authorDomain":"taramart"}

vttova

If you or I didn't show up for a suit against us, TS, the judgement would stand.

Why would it be any different for a multi-billion dollar company? Oh, I just answered my question!

{"commentId":10354009,"threadId":"712264","contentId":"3439043","authorDomain":"taramart"}

4 votes

#3 - Thu Oct 29, 2009 10:58 AM EDT

{"commentId":10354372,"authorDomain":"RapidReload"}

Asheville Jack

Damn! Multi-million dollar bonus's might be out this year. Poor Lads.

{"commentId":10354372,"threadId":"712264","contentId":"3439043","authorDomain":"RapidReload"}

3 votes

#4 - Thu Oct 29, 2009 11:14 AM EDT

{"commentId":10355826,"authorDomain":"Blearc"}

Blearc

Lol and on top of that some family values council has called for a boycott because *shudder* they are tolerant of the gays.

Not a good week for pepsi.

{"commentId":10355826,"threadId":"712264","contentId":"3439043","authorDomain":"Blearc"}

4 votes

#5 - Thu Oct 29, 2009 12:19 PM EDT

{"commentId":10357041,"authorDomain":"carolyn62058"}

Carolyn Johansen

I hope the Pepsi still loses a big chunk of cash. They show no respect for the courts. I have often heard the line "ignorance of the law is no excuse". Pepsi is not grovelling to the court enough to have this judgment set aside.

{"commentId":10357041,"threadId":"712264","contentId":"3439043","authorDomain":"carolyn62058"}

1 vote

#6 - Thu Oct 29, 2009 1:03 PM EDT

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KILLFILE

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PepsiCo Loses $1.26 BILLION Lawsuit After Failing To Show Up For Trial

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