Reuters: Technology News: Plaintiff in Mexico Yahoo case says open to a settlement

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Plaintiff in Mexico Yahoo case says open to a settlement Dec 5th 2012, 20:04 Tweet Share this Email Print Related News Yahoo sees several flaws in $2.7 billion Mexico ruling: source Mon, Dec 3 2012 Analysis & Opinion Defense firm vows to put an end to new wave of say-on-pay suits The Yahoo! offices are pictured in Santa Monica, California April 18, 2011. Credit: Reuters/Mario Anzuoni MEXICO CITY | Wed Dec 5, 2012 3:04pm EST MEXICO CITY (Reuters) - A plaintiff in a case against Yahoo Inc in which a Mexico City civil court made a $2.7 billion preliminary judgment against the U.S. firm said on Wednesday he and his partners were willing to accept a legal settlement for less. The ruling, which was issued on Friday and perplexed the tech world, involves allegations of breach of contract related to an online yellow pages listings service, according to Yahoo. The lawsuit was brought by Worldwide Directories S.A. de C.V. and Ideas Interactivas S.A. de C.V. against Yahoo and Yahoo de Mexico, according to Yahoo. Carlos Bazan-Canabal, who says he is a partner in both firms and is named in copies of court documents related to the case obtained by Reuters, said the plaintiffs were prepared to listen if Yahoo made them an offer. "If we can reach a settlement with an interesting number, we would go for it," Bazan-Canabal told Reuters, adding it could be for less than the preliminary award. (Reporting by Dave Graham; Editing by Leslie Adler) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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