Mexican Court Tosses $2.75 Billion Award Against Yahoo
The folks at Yahoo are breathing a bit easier on word today that the Superior Court of Justice for the Federal District in Mexico reversed a lower court’s preliminary damage award of $2.75 billion won in a suit filed by Worldwide Directories and Ideas Interactivas. The plaintiffs had sued Yahoo and Yahoo Mexico over alleged breach of contract and lost profits of a yellow pages listing service. The latest ruling leaves intact only $172,500 in damages against Yahoo Mexico. An appeal is possible.