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Venture capital fund Fearless Fund cannot resume making grants to Black women-owned businesses, a divided U.S. appeals court ruled on Monday, siding with an anti-affirmative action group that sued... -June 03, 2024 at 05:13 pm EDT - MarketScreener

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...

CEOs got hefty pay raises in 2023, widening the gap with the workers they oversee