Court grants Yahoo’s appeal and reverses ruling for $2.75 billion Mexican Yellow Pages breach of contract
Thursday, 16 May 2013
Yahoo on Thursday announced some good news coming from its legal department. The Superior Court of Justice for the Federal District in Mexico granted the company’s appeal and reversed the ruling of the 49th Civil Court of Mexico, which had ordered Yahoo and Yahoo Mexico to pay $2.75 billion.
In November 2012, Yahoo was ordered to pay the sum in a contract dispute by the 49th Civil Court of Mexico City. The non-final judgement was made in favor of Worldwide Directories, a holding company of Ideas Interactivas, against Yahoo in Mexico with regards to yellow pages listings.
More to follow.
