A group representing U.S. venture-capital investors is leading a lawsuit against the Trump administration, claiming it took illegal steps to prevent an immigration policy that would have helped foreign-born founders stay in the U.S. to build startups.

In a legal complaint filed Tuesday, the National Venture Capital Association, along with other plaintiffs, claims the Department of Homeland Security violated rules around administrative procedures when it delayed the start of the International Entrepreneur Rule one week before the regulation was scheduled to go into effect in July, according to a copy of the complaint reviewed by The Wall Street Journal.

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