PepsiCo Misses Court Date, Costs Them $1.26 Billion In Default Judgement

Posted By Ben Goulding, 29 October, 2009 | permalink

pepsicoThis has got to be the most expensive legal secretary PepsiCo ever employed – she cost them $1.26 billion. How? Well, she forgot to deal with a lawsuit noticed that was put on her desk. Consequently, PepsiCo’s lawyers didn’t show up to court, so the judge handed down a $1.26 billion judgement against the company.

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.


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Posted in: Business | News

Asswass October 30, 2009

Ouchhhh, I wouldn’t want to be that secretary. Maybe people should be reminded with a SMS about Court Day lol.

Extreme John November 1, 2009

Ouch is right hold crap how dumb, think a few people got fired there.

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