Yahoo: Maybe, Just Maybe, We'll have to Pay $2.7 Billion in that Mexico Lawsuit Owen Thomas - SFGate
go to original March 3, 2013

Carlos Bazan-Canabal

In its just-published annual report, Yahoo changed its tune about the giant lawsuit in Mexico it's in the process of appealing.

Yahoo shocked investors in November when it revealed that a court had awarded a company run by Mexican entrepreneur Carlos Bazan-Canabal $2.7 billion in damages in a contractual dispute, a judgment Yahoo's in the process of appealing.

In its fourth-quarter earnings call, Yahoo CFO Ken Goldman told analysts that it wasn't setting aside money in case it lost - because it expected to win on appeal.

The language in Yahoo's annual report is more nuanced, warning shareholders that it may have to put money aside in the future if it changes its mind about the prospects of winning.

Read the whole story at SFGate.com

We invite you to add your charity or supporting organizations' news stories and coming events to PVAngels so we can share them with the world. Do it now!