Yahoo Hit with $2.7 Billion Fine in Mexico
Published on: 3rd Dec 2012
Note -- this news article is more than a year old.
By: Ian Mansfield
USA based website Yahoo says that it has been hit with a US$2.7 billion fine in Mexico which it is now contesting.
In a brief statement, Yahoo said that the 49th Civil Court of the Federal District of Mexico City had entered a non-final judgment of US$2.7 billion against Yahoo and Yahoo de Mexico in a lawsuit brought by plaintiffs Worldwide Directories and Ideas Interactivas.
The plaintiffs alleged claims of breach of contract, breach of promise, and lost profits arising from contracts related to a yellow pages listings service.
Yahoo said that the claims are without merit and it will pursue all appeals with vigor.
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