That 1.26 billion judgment? Get back to me if they collect.
Many years ago, I obtained a six-figure default judgment against a company that wronged me. I had done EVERYTHING 100% properly to get this default. I had a hearing on the record, went over service of process, put on some evidence – everything. Yet all the company did was file a motion asking to have it overturned in the interests of justice, and BANG! my default judgment was worthless. So I don’t pay a lot of attention to these:
What's the cost of not showing up to court? For PepsiCo Inc., it's a $1.26 billion default judgment. A Wisconsin state court socked the company with the monster award in a case alleging that PepsiCo stole the idea to bottle and sell purified water from two Wisconsin men.
Now the company is scrambling to salvage the situation. The damages award was handed down 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.
I’ll literally eat a shoe if the plaintiffs in this case collect $1.26 billion dollars.