Yahoo Wins Reversal Of $2.75B Judgment In Mexico

Law360, Los Angeles (May 16, 2013, 8:47 PM EDT) -- Yahoo Inc. won reversal of a $2.75 billion judgment from a Mexico appeals court in a breach of contract suit brought by Worldwide Directories SA de CV and Ideas Interactivas SA de CV, the Internet giant announced Thursday.

In November 2012, the 49th Civil Court of Mexico hit Yahoo and its Mexican unit with the $2.7 billion nonfinal judgment after the plaintiffs said Yahoo breached a contract related to a yellow pages listing service. The two Yahoo entities appealed the judgment to a three-magistrate panel of...
To view the full article, register now.