updated 07:32 pm EST, Fri November 30, 2012
Mexican court hands down non-final judgment
A Mexican court has handed down a non-final, $2.7 billion judgment against Yahoo over a suit related to a Yellow Pages-type listing service. The case involved an alleged breach of contract with Worldwide Directories S.A. de C.V. and Ideas Interactivas S.A. de C.V., and it was filed against both Yahoo's US branch and its Mexican branch. At present, the case is something of a mystery to media outlets, as Yahoo did not mention it in its most recent 10Q filing, which lists major ongoing litigation.
In a statement released today, Reuters reports, Yahoo said that the ruling was a "non-final judgment" by the 49th Civil Court of the Federal District of Mexico City. "The plaintiffs alleged claims of breach of contract," Yahoo's statement continues, "breach of promise, and lost profits arising from contracts related to a Yellow Pages listings service."
The plaintiffs in the case have given no comment on the judgment, and documents from local courts in Mexico are reportedly unavailable for public consultation.