Quick Fix: Judge Corrects Ruling and Orders Insurer to Repay $550,000 to Yahoo Over Cancelled NCAA Contest

On Thursday, March 24, 2016, a Texas federal judge ordered insurer SCA Promotions Inc. to repay $550,000 to Yahoo, adjusting a ruling in November entitling Yahoo Inc. to recover half of what it paid SCA under an agreement pertaining to an NCAA March Madness contest. It is unclear what the reason behind the correction was due to confidentiality agreements, which were also the subject of dispute earlier in the litigation. SCA originally brought a breach of contract suit against Yahoo after Yahoo cancelled an…
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