Market Overview

Yahoo! Announces Judgment of Mexico Suit

Share:
Related YHOO
How Brexit Could Be An Unlikely Gift To European Retailers Like Burberry
The Buyback Menace: How Share Repurchases Are Pushing Us To A Recession
Yahoo Annual Meeting On Tap; Media Leaks On Company Sale Die Down (Investor's Business Daily)

Yahoo! Inc. (NASDAQ: YHOO) today reported that the 49th Civil Court of the Federal District of Mexico City has entered a non-final judgment of U.S. $2.7 billion against Yahoo! Inc. and Yahoo de Mexico, S.A. de C.V. in a lawsuit brought by plaintiffs Worldwide Directories S.A. de C.V. and Ideas Interactivas, S.A. de C.V. Yahoo! believes the plaintiffs' claims are without merit and will vigorously pursue all appeals. The plaintiffs alleged claims of breach of contract, breach of promise, and lost profits arising from contracts related to a yellow pages listings service.

Posted-In: News Legal

 

Related Articles (YHOO)

View Comments and Join the Discussion!