Yahoo this afternoon said a Mexican court has ordered the company to pay $2.7 billion in a case filed by a pair of companies that publish telephone directories.
The verdict was issued by the 49th Civil Court of the Federal District of Mexico City, in a case filed by Worldwide Directories S.A. de C.V. and Ideas Interactivas, S.A. de C.V.
Yahoo said it believes the plaintiffs’ claims are without merit and said it will vigorously pursue all appeals.
The company notes that the plaintiffs claims of breach of contract, breach of promise, and lost profits arose from contracts related to a yellow pages listings service.
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