Conservative group files lawsuit against venture capital fund that offers help to Black women-owned businesses - New York Amsterdam News

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Edward Blum, a conservative activist, founded the American Alliance for Equal Rights nonprofit, which has filed a lawsuit against Fearless Fund, an Atlanta-based venture capital fund.

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Notable investors in the fund include Bank of America, Costco Wholesale, General Mills, Mastercard, and JPMorgan Chase. Blum’s group had argued that such policies unfairly discriminated against white and Asian American applicants.

 

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