Yahoo Breached $1B NCAA Bracket Contract, SCA Suit Says

Law360, Los Angeles (March 17, 2014, 5:56 PM EDT) -- Dallas-based promotions company SCA Promotions Inc. has sued Yahoo Inc. for allegedly refusing to pay a $4.4 million cancellation fee to back out of a contract for a $1 billion contest tied to the upcoming 2014 NCAA men's basketball tournament, according to a complaint removed to Texas federal court on Monday.

SCA claims that Yahoo has failed to abide by the terms of the parties' contract for a contest that would have paid out $1 billion to any contestant who correctly picked the winners of all...
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