Wilmer 'Inadvertently' Leaks Pepsi Client Secrets to Wall Street Journal
Wilmer, Cutler, Pickering, Hale and Dorr apologized Wednesday after one of its lawyers accidentally sent a Wall Street Journal reporter privileged documents detailing a history of whistleblower claims at PepsiCo.
September 27, 2017 at 01:18 PM
5 minute read
The original version of this story was published on National Law Journal
Wilmer, Cutler, Pickering, Hale and Dorr was caught Wednesday in an email mix-up that revealed secret U.S. Securities and Exchange Commission and internal investigations at PepsiCo, after a Wilmer lawyer accidentally sent a Wall Street Journal reporter privileged documents detailing a history of whistleblower claims at the company.
The internal investigation revolves around PepsiCo's 2011 acquisition of the Russian drinks company Wimm-Bill-Dann and the departure of general counsel Maura Smith in 2012 following allegations of financial misreporting and other wrongdoing at PepsiCo. A subsequent SEC investigation into Smith's dismissal, and whether the company fired her in violation of whistleblower laws, is “at an early stage,” the Journal reported.
The Journal's report, published early Wednesday and titled “SEC Probes Departure of PepsiCo's Former Top Lawyer,” outlined how its reporter learned details about the years-old internal investigation started by Smith and about the more recent SEC probe, for which Smith was subpoenaed. The information included an Aug. 31 memo about Smith's subpoena and her contact with federal investigators that was “mistakenly sent by a WilmerHale attorney to a Wall Street Journal reporter as part of communication to other attorneys working on the matter,” the report said.
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