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Yahoo! Businesses The Almighty Buck The Courts

Yahoo "Loses" $2.7B In Mysterious Mexican Yellow Pages Lawsuit 85

Posted by Unknown Lamer from the send-the-a-team dept.
An anonymous reader writes "CNN reports that a Mexico City court has ordered Yahoo to pay $2.7 billion to Worldwide Directories and Ideas Interactivas. The classified directory publisher sued Yahoo, claiming various losses and breaches involving 'contracts related to a yellow pages listings service.' Yahoo announced its intention to appeal but is saying little else about the case."
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Yahoo "Loses" $2.7B In Mysterious Mexican Yellow Pages Lawsuit More

Yahoo "Loses" $2.7B In Mysterious Mexican Yellow Pages Lawsuit

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  • classified directory? (Score:4, Funny)

    by aneroid ( 856995 ) <gmail> on Tuesday December 04, 2012 @08:05AM (#42177853) Homepage Journal

    "classified directory" vs "classifieds directory"

  • Easiest explanation (Score:5, Interesting)

    by Hans Adler ( 2446464 ) on Tuesday December 04, 2012 @08:11AM (#42177873)

    Someone just sufficiently far removed from the judge made a bet on Yahoo's shares falling just about this time.

  • Interesting figure (Score:5, Interesting)

    by Kergan ( 780543 ) on Tuesday December 04, 2012 @08:16AM (#42177881)

    Isn't 2.7Bn larger than the combined market value of every yellow pages business in the world combined? Might anyone know how the Judge came up with a figure this large?

  • You may find that the San Sebastian Data Center has been stripped down to the barest minimum of equipment.

  • Always seems to be the search behind search spoofing malware I have to clean up from the PCs of family and friends.

  • "Donde esta el restaurante de pizza?" Oh, fuck me, I'll just Google it.

    • Just to state the obvious, this isn't something México is doing anymore than being sued for libel is something that Britain for instance. More over World Directories really doesn't sound like a Mexican business. It's probably a larger problem between WD and Y! but Y! probably got away in the US and WD is trying somewhere else. Further more, I don't think the final fine is ever going to be that large, WD is probably looking for a settlement.

  • Comment removed (Score:3)

    by account_deleted ( 4530225 ) on Tuesday December 04, 2012 @09:35AM (#42178315)
    Comment removed based on user account deletion

    • And if they ignore the ruling what happens? Just because a court in some country rules against you doesn't necessarily mean that there's any consequence.

      From one of the other links posted earlier:

      "he 49th Civil Court of the Federal District of Mexico City has entered a non-final judgment of U.S. $2.7 billion against Yahoo! Inc. and Yahoo de Mexico, S.A. de C.V.

      I don't exactly know why there needs to be a Yahoo de Mexico, but that puts them on the hook for whatever amount the corrupt Mexican court wants to decide.

      • In most countries a business is required to establish a local legal entity to operate within it's borders. At a bare minimum most nations require the appointment of a registered agent based in the country. This is intended to protect local citizens and businesses from businesses based in other countries that do business within their borders. It is also important for complying with local laws and regulations, and payment of taxes applicable to business carried out within their borders. If you are harmed

  • question (Score:4, Interesting)

    by shentino ( 1139071 ) <shentino@gmail.com> on Tuesday December 04, 2012 @09:39AM (#42178339)

    Are they sure that's dollars and not pesos?

    • Re: (Score:2)

      by jmauro ( 32523 )

      The original press release says US$2.7 billion so its in USD and not Mexican pesos.

      • Statement from Yahoo CEO (Score:3, Funny)

        by Anonymous Coward

        "Why must we peso much?"

      • Re: (Score:1)

        by mapuche ( 41699 )

        Mexican newspapers confirm the figures:

        http://www.milenio.com/cdb/doc/noticias2011/5118e8f851051aafbb05375db4b342f6

      • I know damn well what they said.

        My question was if they had made a typo somewhere.

        And I'm talking about TFA and not just TFS.

  • Given the spate of breathtakingly prejudiced flag-waving verdicts that have been coming out of US courts recently, is it any wonder that Mexico feels comfortable with trying to carve itself a slice of the pie?

    And why shouldn't they? If US justice just means doing some token table pounding and then awarding a win to the home team, then you do not - you do not - get to question the integrity of foreign courts.

    • Re: (Score:1)

      by Anonymous Coward

      It isn't the US... The EU tribunals get bored periodically and rake Google and Microsoft over the coals every so often since it makes good press for them ("evil foreign company gets hauled in for another round of justice".) Same old xenophobic shit the EU has been doing, but just now spread across the pond.

      Might be nice if countries cleaned their own house, and this applies to the Yanks as well.

    • Not too clear to me why I cannot question the integrity of a foreign court, just because my own court system has done some questionable things.

      I can question the integrity of a foreign court, just as I can question the integrity of a domestic court. You dont get to decide what I can question, thanks.

      • Because he said so. He has declared himself "King of teh internets".
        Therefore you must post as he decrees.

  • It's not going to happen (Score:3, Funny)

    by physlord ( 1790264 ) on Tuesday December 04, 2012 @11:43AM (#42179687) Homepage
    I don't think that is the last word on the subject. Yahoo seems to be too little worried about this.

    An off topic comment:
    As a Mexican it's funny to read slashdoters opinions about my country. If you come here you would be surprised that there are a bunch of us with high speed internet, cars, smartphones, etc. We are not involved in shootings every day around each corner and we don't speak the same Spanish than the "mexican-americans", actually our culture is quite different. Believing in what the TV says about a country and establish prejudices based on that is simply wrong. Based on what I have seen about US citizens on the news I would assume they like to drink a lot and show their parts to strangers, they start shooting people randomly at schools, theaters or workplaces, most of them are ignorant. Do you know what makes the US different from yogurt? If you leave them both 300 years unattended, the yogurt will grow a culture.
    You see?, prejudices are wrong.

    • Re: (Score:2)

      by niado ( 1650369 )

      Based on what I have seen about US citizens on the news I would assume they like to drink a lot and show their parts to strangers, they start shooting people randomly at schools, theaters or workplaces, most of them are ignorant.

      Seems pretty accurate to me.

    • The US has many cultures, from all the people who came here-- some of them legally. You have only two: the Mexican culture I like, and the drug culture that results in mayors being beaten and killed, and bloggers' eviscerated bodies being hung from bridges. That being said, we have an attorney general who purposely allowed firearms to be sold to Mexican drug lords to exacerbate the situation, and all I can say in my defense is that I didn't vote for the guy who appointed him.

      I would assume they like to d

  • This shady yellow pages outfit called Yahoo! and said "We just want to confirm that you want to continue your listing in the Yellow Pages. Now I'm going to get a third party verifier on the phone; don't say anything but yes when I ask the questions"

  • Judgement was actually in pesos.. (Score:1)

    by Anonymous Coward

    That's around $208,457 USD.

  • With a number that high It's hard not to view this as a ploy to fill mexicos pockets. And the corrupt mexican officials of course. Most likely the latter since that wouldnt dent their debt. "Heeeeey yahoo my friend...those are real nicr classifieds...be a shame if something terrible were to happen to them"

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