Venture fund founder sues PayPal, alleging racial discrimination

Quick Summary:

Meanwhile, funds like Desai’s that were rejected “suffered from the adverse and inaccurate perception that PayPal had made a decision based on the merits of their business, rather than the race of the fund’s ownership,” the suit claims.

Desai alleges that PayPal violated the Civil Rights Act 1981 and that PayPal’s “racially exclusionary investment program” is illegal under the New York state and city laws that prohibit racial discrimination.

In a brief statement shared with TechCrunch, Consovoy McCarthy partner Patrick Strawbridge said: “PayPal discriminated against Ms.Desai based on her race.

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Article Details

Author / Journalist: Dominic-Madori Davis

Category: Technology

Markets: United StatesOman

Topics: PayPal Venture Venture DEI

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-03 @ 17:25:00 (3 days ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 794 words

Reading Time: 5 minutes read

Sentences: 27 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 24860776

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