A small venture capital firm faced tough questions from conservative judges Wednesday as it defended a grant program for black women-owned businesses in a lawsuit that has become emblematic of a growing legal backlash against corporate diversity programs.
The Fearless Fund , which provides early stage funding for businesses owned by women of color, asked a three-judge panel in a U.S. federal court of appeals to lift an injunction against one of its programs, the Strivers Grant Contest, which provides $20,000 to businesses that are majority owned by black women.
The conservative group American Alliance for Equal Rights , filed a lawsuit last fall arguing that the program discriminates against people of other races.
The hearing in Miami on […]
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