Yahoo! Inc. Reports Judgment in Lawsuit in Mexico
November 30, 2012
SUNNYVALE, Calif. --
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.
About Yahoo!
Yahoo! is focused on creating deeply personal digital experiences that
keep more than half a billion people connected to what matters most to
them, across devices and around the globe. Yahoo!'s unique combination
of Science + Art + Scale connects advertisers to the consumers who build
their businesses. Yahoo! is headquartered in Sunnyvale, California. For
more information, visit the pressroom (pressroom.yahoo.net)
or the company's blog, Yodel Anecdotal (yodel.yahoo.com).
Source: Yahoo! Inc.
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