Montanez, who stated off as as a Frito-Lay janitor, said he sparked what became Flamin’ Hot Cheetos around 1989.

PepsiCo won the dismissal of a lawsuit by a former executive who said the food and beverage company defrauded and defamed him ...

A federal judge has dismissed a lawsuit filed by Richard Montañez, who claimed to be the inventor of Flamin' Hot Cheetos, ...

On June 4, Wells Fargo analyst Christopher Carey maintained a Hold rating on PepsiCo Inc. (NASDAQ:PEP) with a price target of ...

Richard Montañez’s rags-to-riches story remains in dispute after a judge ruled in favor of Frito-Lay and PepsiCo, but he has ...

Camille Vasquez, a lawyer for Purchase, New York-based PepsiCo, declined to comment. Montanez began in 1976 as a Frito-Lay janitor in Rancho Cucamonga, California, and rose to become PepsiCo's ...