Mexican Court Slaps Yahoo With $2.7 Billion Judgment

SUNNYVALE (CBS) — A Mexican court hit Sunnyvale-based Yahoo with a $2.7 billion non-final judgment in a lawsuit related to a Yellow Pages listing service.

The lawsuit was brought against the company in the 49th Civil Court of the Federal District of Mexico City.

Worldwide Directories and Ideas Interactivas alleges a breach of contract, breach of promise and lost profits.

Yahoo issued a statement calling the claims “without merit.”

(Copyright 2012 by CBS San Francisco. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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