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Yahoo sued over squandered US$17m fund created for Chinese dissidents

Activists accuse Yahoo of not reigning in profligate spending by the fund's manager

The lawsuit was filed on behalf of eight dissidents in China who said that the Yahoo executives did not do enough to rein in Mr Wu's inappropriate and profligate spending.

Silicon Valley

A GROUP of Chinese political activists filed a lawsuit in federal court against Yahoo on Tuesday, saying the company failed to properly oversee a US$17 million fund it created a decade ago to help Chinese writers, democracy advocates and human rights lawyers persecuted for...

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