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The fund's Strivers Grant Contest, which provides $20,000 to businesses that are majority owned by Black women, has been on hold since October.
A U.S. federal court of appeals panel suspended a venture capital firm’s grant program for Black women business owners, ruling that a conservative group is likely to prevail in its lawsuit claiming that the program is discriminatory. The ruling against the Atlanta-based Fearless Fund is another victory for conservative groups waging a sprawling legal battle against corporate diversity programs that have targeted dozens of companies and government institutions. The case against the Fearless Fund was brought last year by the American American Alliance for Equal Rights, a group led by Ed...
A U.S. federal court of appeals panel suspended a venture capital firm’s grant program for Black women business owners on Monday, ruling that a conservative group is likely to prevail
A U.S. federal court of appeals panel suspended a venture capital firm’s grant program for Black women business owners on Monday, ruling that a conservative group is likely to prevail
Conservative advocates have filed a growing number of legal challenges, encouraged by the Supreme Court’s June ruling ending affirmative action in college admissions. Lawsuits and threat letters have targeted dozens of prominent companies and a wide array of diversity policies, including fellowships, hiring goals, anti-bias training and contract programs for minority-owned businesses. The battle has been a roller coaster of setbacks and victories for both sides, but some companies are already retooling their diversity programs in the face of lawsuits, and the growing expectation that the...