Yahoo Ordered to Pay $2.7 Billion (Yes, Billion) by Mexican Court
It’s hard to say how serious this is right now, but Yahoo was ordered to pay $2.7 billion in a lawsuit related to a breach of contract and lost profits of a yellow pages listing service by Worldwide Directories and Ideas Interactivas.
In a statement and a filing with the Securities and Exchange Commission, the Silicon Valley Internet giant said it “believes the plaintiffs’ claims are without merit and will vigorously pursue all appeals.”
We lobbed a call into Yahoo to get more details about the “non-final” judgment from the 49th Civil Court of the Federal District of Mexico City — not that the company’s PR will actually call back on important multi-billion matters — but here is the company’s SEC filing:
