A venture capital fund, Fearless Fund, has been blocked from continuing its grants to Black women-owned businesses, as ruled by a divided U.S. appeals court on Monday. The decision favored an anti-affirmative action group that filed a lawsuit against the program.
The 11th U.S. Circuit Court of Appeals in Atlanta found merit in the discrimination lawsuit filed by the group, reversing a previous decision that allowed the program to proceed during the ongoing case.
This ruling marks a win for Edward Blum, a conservative activist known for his involvement in successful challenges against race-conscious policies, including in college admissions.
