Yahoo settles case over Chinese dissident e-mails
SAN FRANCISCO (Reuters) - Yahoo Inc (YHOO.O) has agreed to settle a lawsuit brought on behalf of several Chinese dissidents for the Internet company's alleged involvement in providing information the Chinese government used to prosecute the men, according to court papers filed on Tuesday.
The settlement was disclosed in a filing in U.S. federal court for the Northern District of California by plaintiffs lawyers for Wang Xiaoning, Yu Ling, Shi Tao and other unnamed parties and defendants Yahoo and its Chinese affiliates.
"Plaintiffs and defendants hereby jointly stipulate to dismissal with prejudice of all claims made in this action, based an a private settlement understanding among the parties," the court filing stated.
Yahoo agreed to cover the yet-to-be-agreed upon legal costs incurred by defendants.
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DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.