Yahoo Sued for Mismanaging Settlement Funds for Jailed Chinese Dissidents

Yet another company has been slapped with a lawsuit. Yahoo Inc is being sued by a group of Chinese dissidents on claims that the company “failed to safeguard more than $17 million it pledged to help jailed Chinese dissidents in a 2007 settlement.” According to the lawsuit, Yahoo “willfully turned a blind eye while Harry Wu, a high-profile political activist charged with administering the funds, used them for personal gain.”