The U.S. Court of Appeals for the Fifth Circuit has ordered Yahoo to pay a Dallas promotions company $4.4 million after it backed out of a deal to offer a $1 billion prize for any person who correctly predicted the winners of all 63 games during the 2014 NCAA Men’s Basketball Tournament.
The Aug. 21 decision in SCA Promotions v. Yahoo! reversed an earlier trial court judgment that dismissed a breach of contract claim against the web portal and rendered a $4.4 million judgment in favor of the plaintiff that sued them.
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