By Mirtha Donastorg | Atlanta Journal Constitution
The 11th Circuit Court of Appeals in Atlanta on Saturday ordered Atlanta-based venture capital firm Fearless Fund to pause grant applications supporting Black female founders while a lawsuit alleging racial discrimination works its way through the court.
The ruling is the first legal win for the nonprofit American Alliance for Equal Rights, a conservative group started by Edward Blum, a key activist in the successful challenge of affirmative action in college admissions. The Alliance sued Fearless in early August, alleging their $20,000 small business grant program was racially discriminatory because it was only for Black women.
The grant application was supposed to close on Saturday, Sept. 30, but must now remain open until further order of the court. No grant winner can be decided yet.
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