It comes after a U.S. Appeals Court suspended the venture capital, Fearless Fund’s grant program.
ATLANTA — A settlement was reached in the lawsuit against an Atlanta Black women-led grant program.
The agreement includes shuttering the grant program entirely. It comes after a U.S. Appeals Court suspended the venture capital, Fearless Fund’s grant program.
Edward Blum, who leads the American Alliance of Equal Rights (AAER), said that Fearless Fund will not reopen the program. The ruling came as a blow to the firm, which called the decision “devastating.”
As diversity, equity and inclusion programs are coming under attack at educational institutions, the efforts also continue to ravage corporations as conservative groups continue to sue the programs in court.
The AAER filed the lawsuit in the U.S. District Court for the Northern District of Georgia last year, claiming the program providing grants to Black women to grow their businesses violates federal civil rights law.
According to reports from the Associated Press, Blum …