Yahoo Ordered to Pay $2.7 Billion (Yes, Billion) by Mexican Court

It’s hard to say how serious this is right now, but Yahoo was ordered to pay $2.7 billion in a lawsuit related to a breach of contract and lost profits of a yellow pages listing service by Worldwide Directories and Ideas Interactivas. In a statement and a filing with the Securities and Exchange Commission, the Silicon Valley Internet giant said it “believes the plaintiffs’ claims are without merit and will vigorously pursue all appeals.” We lobbed a call into Yahoo to get more details about the “non-final” judgment from the 49th Civil Court of the Federal District of Mexico City. Read the full story at All Things D.

Author:

Shelly Palmer

Shelly Palmer is Fox 5 New York's On-air Tech Expert (WNYW-TV) and the host of Fox Television's monthly show Shelly Palmer Digital Living. He also hosts United Stations Radio Network's, Shelly Palmer Digital Living Daily, a daily syndicated radio report that features insightful commentary and a unique insiders take on the biggest stories in technology, media, and entertainment. He is Managing Director of Advanced Media Ventures Group, LLC an industry-leading advisory and business development firm and a member of the Executive Committee of the National Academy of Television Arts & Sciences (the organization that bestows the coveted Emmy® Awards).