The American Equal Rights Alliance (AAER) filed a lawsuit in Atlanta District Court on Wednesday against a venture capital firm that runs a subsidy program that gives only to black women.
The AAER cited a recent Supreme Court fair admissions student v. Harvard case, alleging that Fearless Fund Management ran an illegal “racist program.” according to to litigation. The Fearless Fund awards her $20,000 grant quarterly to small businesses founded by a black woman through the Fearless Strivers Grant Contest. The current entry period is from August 1st to August 31st for him. according to Go to the contest page. (Related: Biden Regulators Ready to Push Left-Wing Priorities into the Workplace)
According to a press release sent by the AAER to the Daily Caller News Foundation, “Under the terms of the grant program, formal eligibility for the contest is determined by the race of the applicant, and only black women are allowed to participate in the process.” There is. “The lawsuit led to federal court ruling against the Fearless Fund for operating this racist contract, ending the fourth application period, selecting grant recipients, Seeking to issue a temporary injunction and interim injunction prohibiting the enforcement of the eligibility criteria for the Fearless Stravers Grants Contest.”
AAER was founded by Edward Blum, a key figure in recent Supreme Court rulings abolishing race-based admissions practices in universities. according to to Axios.
The U.S. Supreme Court Police will distribute tickets to the public to attend oral arguments before the U.S. Supreme Court on October 31, 2022 in Washington, DC. (Photo Credit: Chip Somodevilla/Getty Images)
In June, the Supreme Court ruled against race-based admissions to universities in two cases involving Harvard University and the University of North Carolina. Courts ruled that race-based admission practices violated the Equal Protection Clause of the 14th Amendment to the Constitution.
The Fearless Fund has raised nearly $16 million as the second fund to be launched in 2022. according to For filing with the SEC.
“Plaintiffs, the United States Equal Rights Alliance, have members who have been excluded from the program because they are racially incorrect,” the complaint states. “It is entitled to redress.”
Fearless Fund Management did not immediately respond to the Daily Caller News Foundation’s request for comment.
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