A U.S. federal appeals court has granted a conservative group’s request to temporarily block a Black-owned venture capitalist firm from awarding grants exclusively to Black women entrepreneurs.
In a 2-1 decision, judges from the 11th Circuit Court of Appeals granted the American Alliance for Equal Rights’ motion for an injunction on Saturday, temporarily halting the Fearless Fund, a Black women-owned venture capitalist firm, and its foundation from awarding its Fearless Strivers Grant exclusively to Black women. Read more at www.cnn.com.
