SAN FRANCISCO Nov 30 A civil court in Mexico
entered a preliminary $2.7 billion judgment against Yahoo Inc
for breach of contract involving a yellow pages
listings service, Yahoo said on Friday.
Yahoo said that it believes the claims are without merit and
that it will vigorously pursue all appeals.
Shares of Yahoo were off 1.7 percent at $18.45 in after
hours trading on Friday.
The lawsuit was brought by Worldwide Directories S.A. de
C.V. and Ideas Interactivas S.A. de C.V. against Yahoo and Yahoo
de Mexico, Yahoo said.
"The plaintiffs alleged claims of breach of contract, breach
of promise, and lost profits arising from contracts related to a
yellow pages listings service," Yahoo said in a statement on
Yahoo said the ruling was a "non-final judgment" by the 49th
Civil Court of the Federal District of Mexico City.
It was not immediately clear when the lawsuit was filed
against Yahoo. Yahoo's most recent 10Q filing, which lists major
ongoing litigation, makes no mention of the lawsuit.
Worldwide Directories and Ideas Interactivas could not
immediately be reached for comment. Documents from local courts
in Mexico are not available for public consultation.