Yahoo! Inc. (YHOO) Thursday said the Mexico City Superior Court of Justice has granted the company's appeal and has reversed the Civil Court's judgment in the lawsuit filed by World Wide Directories, S.A. de C.V. and Ideas Interactivas, S.A. de C.V.
On November 28, 2012, the 49th Civil Court of Mexico had entered a non-final judgment of $2.75 billion against Yahoo! and Yahoo! Mexico. The companies later appealed the judgment to a three-magistrate panel of the Superior Court of Justice for the Federal District.
The appellate decision overturned all monetary awards against Yahoo! Inc. and reduced the monetary award against Yahoo! Mexico to $172,500. Yahoo! Mexico was awarded $2.6 million in the original judgment.
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