Message #8465

[~Dave~]

Court 'orders Yahoo to pay 1.7bn'

Internet giant Yahoo has issued a statement claiming it has been ordered to pay $2.7bn (?1.7bn) by a Mexican court.
 
A lawsuit had been filed by Worldwide Directories SA de CV and Ideas Interactivas SA de CV. According to the BBC, the lawsuit stemmed from allegations of breach of contract and lost profits related to a yellow pages listing service.
 
In its statement, Yahoo said it "believes the plaintiffs' claims are without merit and will vigorously pursue all appeals".
 
Perhaps unsurprisingly, shares in the company dipped 1.4% after the news broke.



Direct Link:

http://news.uk.msn.com//blog/trending-blogpost.aspx?post=c35818cf-d782-44bb-9a52-a26ef71c13ff&_nwpt=1


I just read this