Colorado Venture Capital Firm Sues California Over Founder Race And Gender Reporting Law
By: Scott McClallen | Townhall.com
A Colorado-based venture capital firm filed a lawsuit today challenging a California law that forces venture capital funds to disclose the race, ethnicity, gender identity, and sexual orientation of the company founders in which they invest and report that data to the state.
The lawsuit filed in the U.S. District Court of the Eastern District of California targets Khalil Mohseni, the Commissioner of the California Department of Financial Protection and Innovation.
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