Mexican court orders Yahoo! to pay $2.7bn
- Published: 1 Dec 2012 at 05.47
- Online news:
Yahoo! Inc says it will appeal a Mexican court order to pay US$2.7 billion in a lawsuit stemming from allegations of breach of contract and lost profits related to a yellow pages listing service.
Yahoo! plans to appeal the $2.7-billion order in connection with a dispute over yellow pages services in Mexico.
The US Internet giant said in a statement that it "believes the plaintiffs' claims are without merit and will vigorously pursue all appeals".
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.