Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Mexican Court Hits Yahoo! With $2.7 Billion Judgment

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

A civil court in Mexico has handed down a preliminary $2.7 billion judgment against Yahoo! (Nasdaq: YHOO  ) and its local subsidiary in a lawsuit, the company reported in a press release. The lawsuit was filed by two Mexican companies, Worldwide Directories and Ideas Interactivas, which accuse the American Internet company of breach of contract, breach of promise, and lost profits related to a deal on a Yellow Pages listing service.

Yahoo! said in its brief press release that it believes the claims of the plaintiffs are "without merit" and that the company will "vigorously pursue all appeals."

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2135291, ~/Articles/ArticleHandler.aspx, 10/26/2016 10:00:29 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,086.61 -82.66 -0.45%
S&P 500 2,134.62 -8.54 -0.40%
NASD 5,257.53 -25.87 -0.49%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

10/26/2016 9:44 AM
YHOO $42.29 Down -0.26 -0.61%
Yahoo CAPS Rating: **