Yahoo hit with $2.7 billion judgment by Mexico court
- — 30 November, 2012 22:38
A court in Mexico has entered a US$2.7 billion judgment against Yahoo in a breach-of-contract suit over a yellow-pages listing service.
The 49th Civil Court of the Federal District of Mexico City issued the non-final judgment against Yahoo and Yahoo de Mexico in a case brought by Worldwide Directories and Ideas Interactivas, Yahoo announced on Friday. Yahoo said the plaintiffs' claims are without merit and it will appeal the judgment.
Worldwide Directories and Ideas Interactivas claimed breach of contract, breach of promise and lost profits in the case, which involved contracts related to a listing service.