Yahoo! announced on Thursday that a Mexican appeals court tossed out a $2.7 billion dollar damages award in a breach of contract lawsuit. "The appellate decision overturned all monetary awards against Yahoo! Inc and reduced the monetary award against Yahoo! Mexico to $172,500," the California-based Internet pioneer said in a release.
"Yahoo! Mexico was awarded $2.6 million in the original judgement, and this award was confirmed by the appellate decision." The lawsuit was brought by World-wide Directories SA de CV and Ideas Interactivas, alleging "breach of contract, breach of promise, and lost profits arising from contracts related to a yellow pages listing service."
Comments
Comments are closed.