A federal court has temporarily blocked Fearless Fund’s grant program for Black women entrepreneurs amid an ongoing lawsuit by the American Alliance for Equal Rights. The decision reverses last week’s ruling by US District Judge Thomas V. Thrash, ultimately denying the conservative group’s allegation that the program was racially discriminatory. The Lawsuit Against Fearless Fund Fearless Fund invests in women of color-led businesses seeking pre-seed, seed level or series A financing. The American Alliance for Equal Rights, founded by Edward Blum, brought a lawsuit against Fearless Fund in August 2023.
A federal judge in Georgia ruled that Fearless Fund, a venture capital fund for women of color, can continue offering a grant program only to Black women entrepreneurs. On Tuesday, the judge refused to issue an injunction blocking the program after a lawsuit alleged it engaged in “explicit racial exclusion”. The Lawsuit Against Fearless Fund The American Alliance for Equal Rights, founded by Edward Blum, brought a lawsuit against Fearless Fund in August 2023. It targeted the fund’s Fearless Strives Grant Contest, which awards Black women who own small businesses
The conservative group, American Alliance for Equal Rights, led by Edward Blum, has filed a lawsuit against law firms Perkins Coie and Morrison Foerster, challenging their diversity fellowships. The lawsuits allege these fellowships unlawfully discriminate against white candidates and request that racial considerations be eliminated from fellowship selections. The Law-Firms Law firm Perkins Coie has diversity fellowships for first-year and second-year students from underrepresented backgrounds. Their 1L – first fellowship offers students a $15,000 academic scholarship on top of a paid summer role, and their 2L- second-year- fellowship gives students $25,000. They
Conservative group American Alliance for Equal Rights, founded by Edward Blum, has brought a lawsuit against Fearless Fund, which supports women of color who own small businesses. Reuters reports that the lawsuit accuses Fearless Fund of violating Section 1981 of the Civil Rights Act of 1866, which bars racial bias in private contracts by opening its grant competition to Black women alone. Lawsuits brought by Blum and the conservative group led to the June Supreme Court’s ruling to shut down affirmative action, barring universities and colleges from considering race in their
