PepsiCo has been hit with a $1.26 billion judgment for failing to respond -- at all -- to a lawsuit. If someone sues you and you fail to show up, the court can issue a default judgment. These judgments usually come in small claims or where defendants have no intention of paying anyway, not in cases involving Fortune 100 companies. So, how'd this happen?
Start your workday the right way with the news that matters most. Learn more