/// 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, Yahoo 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, but here is the company’s SEC filing: SEC-YHOO-1193125-12-487828
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Yahoo Ordered to Pay $2.7 Billion (Yes, Billion) by Mexican Court
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