Litigation
May 21, 2013
Yahoo skirts almost all of $2.7 billion Mexico judgment
Yahoo Inc. avoided a potential blow to its cash reserves after a Mexico appellate court overturned nearly all of a $2.7 billion damages ruling against the large Sunnyvale-based search engine company last week.
Daily Journal Staff Writer
Yahoo Inc. avoided a potential blow to its cash reserves after a Mexican appellate court overturned nearly all of a $2.7 billion damages ruling against the large Sunnyvale-based search engine company.
Worldwide Directories SA de CV sued Yahoo in Mexico City in 2011, alleging breach of contract and lost profits. Yahoo had contracted with Worldwide to publish print and online telephone directories in Mexic...
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