BUSINESS BRIEFING / COURTS
Times Wire Reports
A Wisconsin judge is tossing out a decision -- for now, at least -- that could have cost PepsiCo $1.26 billion after the soft drink maker didn’t respond to a lawsuit alleging it stole the idea for bottled water.
Two men claim that PepsiCo violated trade secrets and stole their idea to sell bottled water. They won a default $1.26-billion judgment last month after PepsiCo didn’t respond.
PepsiCo says a secretary who received letters relating to the case failed to act on them.
