Bizarro: Yahoo ordered to cough up $2.7 billion in Mexico lawsuit

It's not often that Mexican yellow pages listings makes the headlines, but Yahoo has been ordered to fork over $2.7 billion in a legal dispute involving them, according to CNN.com.. Yahoo released a short and cryptic press release late Friday about the case, which was brought by Mexico's Worldwide Directories and Ideas Interactivas. The plaintiffs sued Yahoo and Yahoo de Mexico for "breach of contract, breach of promise, and lost profits arising from contracts related to a yellow pages listings service."

A federal judge in Mexico City has ordered Yahoo to pay $2.7 billion, though the company noted in its press release that the judgment is non-final. Yahoo said it "believes the plaintiffs' claims are without merit and will vigorously pursue all appeals."  If the ruling stands, Yahoo would be forced to part with nearly 36% of the $7.56 billion in cash it had as of September 30. It would be one of the first major challenges faced by CEO Marissa Mayer, who took the helm at Yahoo in July…..

Wait, wait....that's not all.  Check out http://money.cnn.com/2012/12/03/technology/yahoo-mexico-yellow-pages/index.html?iid=SF_BN_LN