US appeals court blocks venture capital fund s grant program for Black women kitco.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kitco.com Daily Mail and Mail on Sunday newspapers.
A U.S. federal appeals court has granted a conservative group’s request to temporarily block a Black-owned venture capitalist firm from awarding grants exclusively to Black women entrepreneurs.
The Fearless Fund suit is heating up in Atlanta’s 11th Circuit. A panel of three appellate judges on Saturday temporarily blocked Fearless Fund from awarding its $20,000 Fearless Strivers Grant to Black women entrepreneurs as the lawsuit filed against it makes its way through the courts. The American Alliance for Equal Rights (AAER), led by Edward Blum, who was behind the efforts to overturn affirmative action, sued Fearless Fund in August, alleging that its Strivers Grant program discriminates against non-Black women.
A U.S. federal appeals court has granted a conservative group’s request to temporarily block a Black-owned venture capitalist firm from awarding grants exclusively to Black women entrepreneurs.