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."

Eric Volkman owns shares of Yahoo! The Motley Fool has no positions in Yahoo! Motley Fool newsletter services recommend Yahoo! Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.