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Man Behind U.S. Supreme Court's Affirmative Action Decision Sues VC Fund Supporting Black-Women-Owned Businesses

A Black venture capital firm, Fearless Fund, has been sued by a conservative activist. The man, Edward Blum, played a role in the U.S. Supreme Court’s June 2023 decision to reject affirmative action in college admissions. According to Reuters, American Alliance for Equal Rights, a nonprofit led by Blum, alleges that the Fearless Fund is practicing unlawful racial discrimination. The claim states that the firm is “violating Section 1981 of the Civil Rights Act of 1866, a U.S. law barring racial bias in private contracts, by making only Black women eligible in a grant competition.” Blum’s Affirmative Action Stance Another group led by Blum had brought forth a lawsuit opposing affirmative action, which had initially been struck down by a lower court, per Reuters. The group appealed to the U.S. Supreme Court, and the resulting ruling in June found race-conscious student admissions policies used by Harvard University and the University of North Carolina to be unlawful.   View this post...

Shanique Yates

Aug 3, 2023