In December 2012, we wrote about Yahoo! was ordered by a Mexico City Court that they need to pay a $2.75 billion fine for a breach of contract to Ideas Interactivas and its parent company World Wide Directories related to releasing a printed Yellow Pages of business telephone numbers in Mexico. Fortunately Yahoo!’s fine has been dropped to $172,500 based on an appellate court decision in Mexico. The fine will be paid by Yahoo! Mexico.
Worldwide Directories Posts
The Yahoo! lawsuit may be a lot more serious than the company thought. A court in Mexico City ruled that Yahoo! must pay $2.7 billion for breach of contract. The plaintiff in the case Carlos Bazan-Canabal said that Yahoo! could owe over $2.7 billion.
Mexico City Court Rules That Yahoo! Must Pay $2.7 Billion In Breach Of Contract With Worldwide Directories
Yahoo! said that they will be vigorously pursuing all appeals of a non-final judgement by a Mexico City court that ruled that they must pay $2.7 billion for breach of contract with Ideas Interactivas and its parent company Worldwide Directories. Yahoo! was supposed to work with the companies to release a printed Yellow Pages of business telephone numbers for Mexico.