Baker & McKenzie, Yahoo Deny Corruption In $2.7B Reversal

By Aebra Coe (April 1, 2015, 6:33 PM EDT) -- Baker & McKenzie LLP and Yahoo Inc. told a New York federal judge Tuesday that a suit brought by two Mexico-based yellow page listing companies accusing them of conspiring to pervert the Mexican criminal justice system to win the reversal of a $2.75 billion judgment in a contract case is "divorced from reality."

In fact, they said, the amended complaint filed in February is even more strident and divorced from reality than the first pleading the companies filed in 2014 because Mexico's highest court has now ruled that the multibillion dollar judgment against Yahoo was properly overturned and its reversal was not...

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