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The group vowed to appeal Monday's decision to the Fourth Circuit Court of Appeals, SFFA President Edward Blum said.

University of North Carolina's use of race as factor in admissions upheld by court →

"We have dozens of members, some of whom have served on corporate boards and recognize that the chances of them continuing to serve on boards because they are white and male have been greatly diminished by this new quota rule," Mr. Blum told Roll Call.

Texas nonprofit asks federal judge to overturn Nasdaq diversity rule →