A legal secretary at PepsiCo forgot to deal with a lawsuit notice that came across her desk. Consequently, PepsiCo's lawyers did not show up to court when expected. The presiding judge summarily handed down a $1.26 billion judgment against the corporation. Lynne Marek writes in The National Law Journal:
http://finance.yahoo.com/news/Price-to-PepsiCo-for-Not-law-3214509113.html?x=0&.v=1 | Image: FBI
In court papers, PepsiCo claims it first received a legal document related to the case from the 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, Kathy Henry, 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.
http://finance.yahoo.com/news/Price-to-PepsiCo-for-Not-law-3214509113.html?x=0&.v=1 | Image: FBI
Comments (11)