Yahoo ordered to pay $3.3b by Mexican court
SAN FRANCISCO (AFP) - Yahoo said on Friday it was ordered to pay US$2.7 billion (S$3.3 billion) by a Mexican court in a lawsuit stemming from allegations of breach of contract and lost profits related to a yellow pages listing service.
The United States Internet giant said in a statement it "believes the plaintiffs' claims are without merit and will vigorously pursue all appeals." The California company's statement offered few details on the case.
It said the 49th Civil Court of the Federal District of Mexico City has "entered a non-final judgment of US $2.7 billion against Yahoo and Yahoo de Mexico" in the case.
The lawsuit was brought by Worldwide Directories SA de CV and Ideas Interactivas, and "alleged claims of breach of contract, breach of promise, and lost profits arising from contracts related to a yellow pages listings service," Yahoo said.