A minority grants program has agreed to settle a suit brought by anti-DEI activist Edward Blum’s group, American Alliance for Equal Rights, after a federal judge sided with AAER by temporarily prohibiting the program from considering race when it issues grants via its Texas program.
San Diego-based Founders First Community Development Corp. will pay $125,000 to reimburse AAER for attorney’s fees and related costs, the parties said in a stipulation of settlement filed Wednesday in the US District Court for the Northern District of Texas.
Resolution of the Founders First case comes a month after a venture capital firm agreed ...
Learn more about Bloomberg Law or Log In to keep reading:
Learn About Bloomberg Law
AI-powered legal analytics, workflow tools and premium legal & business news.
Already a subscriber?
Log in to keep reading or access research tools.