Atlanta-based Fearless Fund shuts Strivers Grant Contest due to anti-discrimination lawsuit.

The Atlanta-based Fearless Fund has permanently shut down its Strivers Grant Contest, which provided $20,000 grants to Black women business owners, following a lawsuit by the conservative group American Alliance for Equal Rights. The court ruled that the program likely violated anti-discrimination laws. The settlement avoids a precedent on affirmative action but marks a significant moment in the ongoing legal challenges to corporate diversity initiatives.

September 11, 2024
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