Asian American woman sues PayPal for racial bias in investment program

Lawsuit Allegations - PayPal is being sued by Nisha Desai, an Asian American businesswoman, for racial bias in restricting part of a $535 million investment program to Black and Hispanic applicants, costing her millions of dollars [1] - Desai claims PayPal told multiple other Asian American businesswomen they were ineligible for funding due to their Asian descent [3] - The lawsuit accuses PayPal of violating multiple civil rights laws, including section 1981 of the Civil Rights Act of 1866 and Title VI of the Civil Rights Act of 1964 [4] PayPal's Investment Program - PayPal announced a$535 million investment program in June 2020 to support Black and minority-owned businesses and address economic inequality [2] - The company invested $100 million in 19 venture capital firms led by Black and Hispanic people [2] Legal Context - The lawsuit follows a federal appeals court ruling in March that the advocacy group Do No Harm lacked standing to pursue a similar case against Pfizer [5] - Desai is represented by Consovoy McCarthy, a law firm that often advocates for conservative causes and previously represented Do No Harm [5]