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Daily Journal Honors Crowell & Moring Victory in University of California Case

Firm News | 2 min read | 03.11.25

Los Angeles – March 11, 2025: The Daily Journal recognized Crowell & Moring’s victory in Mass v. The Regents of the University of California as one of the “Top Verdicts of 2024.”

A complete class action defense victory for the University of California (UC) and its top administrators, the case dealt with allegations that the university was obligated to pay the entire class retroactive pension benefits due to an alleged breach of fiduciary duty.

After six years of litigation and a several-week bench trial, Judge Evelio Grillo of Alameda County Superior Court granted judgment in favor of UC as to the entire class, finding no breach of duty and determining that California law would not support retroactive benefits even if a breach had occurred.

The Crowell team was led by partners Jennifer Romano and Kristin Madigan and included senior counsel J. Daniel Sharp, counsel Joachim Steinberg, and former associate Katie Lee.

For more information on the case, visit here.

About Crowell & Moring LLP

Crowell & Moring is an international law firm with operations in the United States, Europe, MENA, and Asia. Drawing on significant government, business, industry, and legal experience, the firm helps clients capitalize on opportunities and provides creative solutions to complex litigation and arbitration, regulatory and policy, and corporate and transactional issues.  The firm is consistently recognized for its commitment to pro bono service, as well as its comprehensive programs and initiatives to advance the professional and personal development of all members of the Crowell community.

Media Contact

Email: prteam@crowell.com

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Firm News | 1 min read | 03.11.25

Crowell & Moring Represents Nuclear Energy Startup Atomic Alchemy in its Acquisition by Oklo

March 11, 2025: Oklo Inc. (NYSE: OKLO), an advanced nuclear technology company, announced on March 5, 2025 that it has closed the $25 million acquisition of Crowell client Atomic Alchemy Inc. (“Atomic Alchemy”), a leading innovator in radioisotope production. Oklo intends to use this strategic acquisition to establish a more reliable domestic supply chain for high-value radioisotopes critical to healthcare, research, and defense sectors and provides synergies to Oklo’s fuel recycling and nuclear energy businesses. Demand for radioisotopes is expected to increase significantly over the next decade, while global supply struggles to keep pace due to aging reactor infrastructure and a fragmented global supply chain, which at present is dominated by countries outside the United States. Atomic Alchemy intends to be a low-cost U.S. radioisotope producer that can provide a secure and domestic supply of radioisotopes to U.S. companies commercializing innovative radioisotope applications. With its proprietary VIPR® technology, Atomic Alchemy is building the first scalable production facility to provide a reliable, sustainable source of high-value radioisotopes. Using a vertically integrated model and fuel recycling, in partnership with Oklo, Atomic Alchemy is transforming isotope production to address global shortages, support critical applications, and strengthen national security. The core deal team included Samuel Holland Edwards, Jon O’Connell, Justin Lurie, and Ryan Flynn....

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