Judge Vacates $1.26B Ruling Against PepsiCo (NYSE: PEP)
Posted on 11/6/2009 8:05:12 PM in #Stocks | 0 comments comments
A judge announced a decision Friday that could have cost PepsiCo (NYSE: PEP) $1.26 billion after the soft drink maker didn't respond to a lawsuit claiming it stole the idea for bottled water, according to Associated Press. Penny Stock Professor, a leading financial publication, is pleased to alert investors of stocks on the move. Sign Up for our Free Penny Stock Picks. The decision Friday by a Wisconsin court means PepsiCo will get its say in court -- now that it has found out about the case. Two men claim PepsiCo violated trade secrets and stole their idea to sell bottled water. A judge sided with them and gave them a default $1.26 billion judgment last month after the company didn't respond. PepsiCo says it didn't respond for several reasons, including the fact that a secretary who received letters relating to the case failed to act on them. Follow us on Twitter: http://www.twitter.com/pennystockspro Sign up for the free Penny Stock Professor newsletter. To subscribe, enter your e-mail address into the frame at the bottom of this press release or visit our website. About Us Penny Stock Professor is a leading stock web site that allows investors and interested parties to research stocks that are on the move. We also track small cap companies that are on the brink of a financial breakout. To feature a company on our web site please contact us at the email listed below. Please click here to read the full disclaimer. staff@pennystockprofessor.com
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