The Red Cross raised more than $300 million for Superstorm Sandy disaster relief, but it is refusing to say how it raised or spent the cash. After ProPublica filed a public records request for the information, the Red Cross hired a law firm to block the release of some documents. The lawyers argued that the information is a "trade secret" and if it was disclosed, "the American Red Cross would suffer competitive harm because its competitors would be able to mimic the American Red Cross's business model for an increased competitive advantage."
The Red Cross is a public charity with a federal charter to provide disaster relief, so it's not clear who its "competitors" are, ProPublica notes... READ MORE
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