Fearless Fund forced to end grant for Black women after lawsuit
Briefly

The settlement came two months after a U.S. federal court of appeals ruled that the American Alliance for Equal Rights was likely to prevail in its lawsuit claiming that the program was discriminatory based on race. This case has captivated attention as it represents a significant moment in the clash over corporate diversity initiatives, highlighting how such cases could reshape DEI efforts across various sectors.
Arian Simone, the CEO and co-founder of the Fearless Fund, expressed relief in having the lawsuit behind her. She stated her commitment to the fund's mission of helping and empowering women of color entrepreneurs, emphasizing that despite this setback, the focus will remain on their objectives and community support.
Read at Fortune
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