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.
In a Wednesday court filing, attorneys representing conservative activist Edward Blum and the Atlanta-based venture fund wrote that both parties “have settled,” asking the court to permanently dismiss the case. "The American Alliance for Equal Rights encouraged the Fearless Fund to open its grant contest to Hispanic, Asian, Native American and white women, but Fearless has decided instead to end it entirely," the statement added.
"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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