A three-judge panel of the 11th Circuit U.S. Court of Appeals has thrown a wrench into the blatantly discriminatory practices of big-money corporate interests.
In American Alliance for Equal Rights v. Fearless Fund Management, over a bizarre dissent by a third judge, Judges Kevin Newsom and Robert Luck upheld an injunction against a venture capital fund with tens of millions of dollars in assets that gives money only to businesses owned by black women. Nobody else is eligible even to apply.
The plaintiff, the American Alliance for Equal Rights, sued on behalf of three of its members—business owners who aren’t black women and, therefore, aren’t allowed to compete in Fearless Fund Management’s funding process.
Fearless Fund was apparently fearless about violating anti-discrimination laws.
The threshold question was whether the American Alliance for…
