Yahoo owes millions for baulking NCAA competition bracket de...| MENAFN.COM

Wednesday, 07 December 2022 11:29 GMT

Yahoo owes millions for baulking NCAA competition bracket deal


(MENAFN) A court decided on Monday, Yahoo Inc owes a prize promoter U.S.D5.5m for providing of a contract to pay U.S.D1b for expecting every winner in the 2014 NCAA men's basketball league, and entering a resembled contract with Quicken Loans Inc and Warren Buffett's Berkshire Hathaway.

In addition, circuit Judge Edith Brown Clement wrote for a three-judge panel "Any information that SCA disclosed to Berkshire Hathaway was not confidential information."

Moreover, "It has been a long battle over what we thought was a simple contractual provision," Jon Patton, a lawyer for SCA, said in an interview. "We're pleased the court of appeals got this right."

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