Attorneys representing conservative activist Edward Blum and the Atlanta-based Fearless Fund wrote that both parties “have settled,” asking the court to permanently dismiss the case.
The Fearless Fund, an Atlanta-based venture capital firm, will shutter its grant program for Black women as part of a settlement, ending a year-long affirmative action battle. Here, co-founders and CEOs of The Fearless Fund Arian Simone and Ayana Parsons speak to journalists outside federal court in Miami on Jan. 31.
Both parties said the Fearless Fund agreed to permanently close its Fearless Strivers Grant contest, which awards $20,000 to small businesses led by at least one woman of color and other requirements. "The agreement is very narrow and does not restrict or relate to any other investment or charitable activity of the Fearless Fund or the Foundation going forward," David said."The Fearless Fund can now continue their work toward expanding economic opportunity."
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