A federal appeals court has reversed a lower court ruling and awarded $4.4 million to a marketing company in a contract dispute with Yahoo Inc. over a basketball promotion that indirectly involved Warren Buffett and Berkshire Hathaway Inc. In late 2013, Sunnyvale, California-based Yahoo signed a contract with Dallas-based SCA Promotions Inc. in which SCA agreed to pay a $1 billion prize if any contestant predicted the winner of all 63 games of the 2014 NCAA Men's Basketball Tournament, according to Monday's ruling by the 5th U.S. Circuit Court of appeals In New Orleans in SCA Promotions Inc. v.
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