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Yahoo and Its Law Firm Sued Over Avoiding $2.7 Billion Mexican Judgement

     
11:35 am on Sep 12, 2014 (gmt 0)

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Two Mexican companies have sued Yahoo Inc (YHOO.O) and law firm Baker & McKenzie in New York federal court, accusing them of engineering a conspiracy to avoid a $2.7 billion judgment issued by a Mexican court in 2012.

In a lawsuit filed on Thursday, Worldwide Directories S.A. de C.V. and Ideas Interactivas S.A. de C.V. said Yahoo and Baker & McKenzie enlisted the help of a senior Mexican judge and other court personnel to "corrupt the appeals process and overturn the judgment."

"This is a frivolous attempt to revive interest in a meritless lawsuit, and we will vigorously defend against these baseless claims," said a Yahoo spokeswoman. Yahoo and Its Law Firm Sued Over Avoiding $2.7 Billion Mexican Judgement [reuters.com]


Earlier
Mexican Court Rules Yahoo To Pay $2.7 Billion Over Breach Of Contract [webmasterworld.com]