MVA Attorneys author Law360 article: What VC Fund Settlement Means For DEI Grant Programs
Moore & Van Allen (MVA) Co-heads of DEI Advice, Audits & Assessments Valecia McDowell and Josh Lanning, and Associate Elena Mitchell, co-authored a Law360 article titled, “What VC Fund Settlement Means For DEI Grant Programs,” which was published on September 17, 2024.
On Sept. 11, an Atlanta-based venture capital fund that ran a minority grant program, and an advocacy group founded by longtime diversity, equity and inclusion opponent Edward Blum, surprised many DEI advocates by announcing their settlement in American Alliance for Equal Rights v. Fearless Fund Management LLC . . . Notwithstanding the settlement, the law is far from settled in this area [and the] decision to resolve the matter without a final adjudication on the merits leaves other, like-minded grant programs free to craft program eligibility criteria prioritizing support for historically underfunded or under-resourced individuals without running afoul of a final ruling from the Eleventh Circuit.
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