Printed from http://www.electronista.com

Mexican Superior Court tosses $2.75 billion damages award versus Yahoo

updated 07:43 pm EDT, Thu May 16, 2013

Trial centers on failure of Yellow Pages service

The Superior Court of Mexico has overturned a lower court ruling that found Yahoo liable for $2.75 billion in damages. Plaintiffs Ideas Interactivas and holding company Worldwide Directories sued Yahoo over breach of contract and lost profits on a yellow pages service.

Bazan-Canabal tells Reuters that he is a former Yahoo employee Carlos Bazan-Canabal and partner of Ideas Interactivas and Worldwide Directories helped to launch Yahoo Mexico. He says the dispute arose from agreements Yahoo Mexico signed with Ideas Interactivas between 2002 and 2004. Those agreements covered an online business search function, Yahoo! Paginas Utiles, as well as printed volumes.

When the venture initially succeeded, Yahoo and Ideas Interactivas, according to Bazan-Canabal, agreed to expand their operations into Puerto Rico, Central America, Australia, and Japan. The deal was slated to extend to 2009, with options for further extension, but Yahoo unilaterally stepped out of the deal. Yahoo's departure from the deal, Bazan-Canabal says, caused Ideas Interactivas to go bankrupt.

Yahoo Mexico is still liable for $172,500 in damages. An appeal of the Superior Court's reversal is possible, and given the amount of original damages awarded, likely.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

  1. aviamquepasa

    Fresh-Faced Recruit

    Joined: 10-22-11

    These yellow directories are mostly spam companies, that basically bother.

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

JBL Synchros E40BT headphones

For all the different configurations of headphones on the market, it's always a tough choice for buyers to get something that is just ...

Razer Taipan mouse

The list of gaming devices is growing larger with each passing day. A large number of companies have entered the gaming input arena, a ...

Cambridge Audio DacMagic XS

Every computer with a microphone or headphone port has one -- a digital to analog converter (DAC). There are nearly as many chipsets a ...

Sponsor

toggle

Most Commented

 
toggle

Popular News