Federal Court blocks the Fearless Fund from issuing grants to Black women-owned businesses

A federal court issued a ruling against the Fearless Fund, temporarily blocking the firm from financially supporting Black and Women-owned businesses Monday afternoon. In a 2-1 ruling, the panel of the U.S. Court of Appeals for the 11th Circuit in Miami found that Edward Blum and his organization, the American Alliance for Equal Rights, was likely to prevail in his lawsuit claiming the grant program violates section 1981 of the 1866 Civil Rights Act.& The law prohibits discrimination on the basis of race when enforcing contracts. The Reconstruction-era law was originally intended to protect formerly enslaved people from economic exclusion. During the post-George Floyd era, Conservatives have used this law to destroy Diversity, Equity and Inclusion (DEI) efforts in Corporate America because they believe such programs are a modern form of discrimination. AAER-vs-FearlessDownload “In this fearless moment, we should all be motivated to fight after today’s decision,” Arian Simone said in a statement. “This is devastating for the Fearless Fund and Foundation, and for the women in which we have invested in. I am shattered for every girl of color who has a dream but will grow up in a nation determined not to give her a shot to live...