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Fortune
Fortune
Emma Hinchliffe, Joseph Abrams

Anti-affirmative action group sues a Black venture fund

3 women standing onstage holding large check (Credit: Paras Griffin/Getty Images for Essence)

Good morning, Broadsheet readers! The first pill to fight postpartum depression was approved by the FDA, pregnant workers will soon see expanded accommodations, and a lawsuit against a small VC fund has big implications. Have a thoughtful Tuesday.

- Delay and distract. Last week, a conservative activist group behind the Supreme Court case that limited affirmative action in higher education sued early-stage venture capital fund Fearless Fund for racial discrimination. Atlanta-based Fearless Fund, led by general partners Arian Simone and Ayana Parsons, backs women of color entrepreneurs.

When the Supreme Court issued its affirmative action decision in June, diversity and inclusion experts warned that the corporate world could soon see similar challenges come its way. "Everyone's been waiting for the other shoe to drop," says Susan Lyne, managing partner at BBG Ventures, another early-stage fund that invests in diverse founders. Now, it has.

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