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American Alliance for Equal Rights v. Fearless Fund Management, LLC et al

  1. September 11, 2024

    Atlanta VC Fund Folds Black-Only Grant Contest To End Suit

    An Atlanta-based venture capital fund that ran a program to award grants to businesses owned by Black women has agreed to shut down the contest after a split Eleventh Circuit panel found the practice may violate federal discrimination laws.

  2. June 03, 2024

    11th Circ. Backs Freeze Of Grants For Black Women Only

    In a split decision Monday, the Eleventh Circuit said that a Georgia federal judge should have blocked a Black-led venture capital firm from awarding grants to businesses owned only by Black women, opining that the practice was "substantially likely" to violate federal law barring racial discrimination in the writing of contracts.

  3. October 02, 2023

    11th Circ. Stops Ga. VC Fund's Black-Only Business Grants

    An Atlanta-based venture capital firm can't operate its grant contest for Black female business owners while it is challenged by a conservative group, after the Eleventh Circuit narrowly held that the competition is "racially exclusionary."

  4. September 26, 2023

    Ga. VC Fund Beats Challenge To Black-Only Business Grants

    A Black-led venture capital firm can award its latest round of business grants for Black female entrepreneurs, as its message of uplifting those otherwise denied help is protected by the First Amendment of the U.S. Constitution, a Georgia federal judge ruled Tuesday, rejecting a conservative group's attempt to temporarily stop the funding.

  5. September 11, 2023

    Conservative Group Hits Back At Black-Led VC Fund

    A conservative organization suing an Atlanta-based venture capital firm over a grant program that awards money to Black women-owned businesses is pushing back on the firm's affirmative action and First Amendment arguments, saying its categorical racial exclusion of others is exactly what the law says it cannot do.

  6. September 01, 2023

    Black-Led VC Fund Blasts Suit From Conservative Group

    A venture capital firm that invests in businesses led by women of color hit back in a big way against a conservative group currently suing it for violations of the Civil Rights Act of 1866, saying Thursday that the organization is completely misrepresenting the purpose of that federal law.

  7. August 02, 2023

    Conservative Group Says VC Fund Violates Civil Rights Law

    Fearless Fund, a venture capital vehicle that invests in businesses led by women of color, was sued Wednesday over alleged civil rights violations by a conservative activist group run by the legal strategist behind the U.S. Supreme Court's recent decision ending affirmative action.