Two individuals, Charles Joyce and James Voigt, sued PepsiCo and two Pepsi distributors in a Wisconsin state court, claiming that nearly 20 years earlier, they had spoken confidentially with the distributors about the idea of bottling purified water; and that PepsiCo misappropriated Joyce and Voigt's trade secrets in order to bottle and sell Aquafina water.

The distributors answered Joyce and Voigt's complaint, but Pepsi did not. As a result, the court has entered a default judgment against Pepsi in the mindbogglingly large sum of $1.26 billion.

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