NANO Nuclear Announces Full Dismissal of Nevada Lawsuit
NANO Nuclear Energy Inc. (NASDAQ: NNE) announced the complete dismissal of a shareholder derivative lawsuit in Las Vegas. On April 24, 2025, a Las Vegas judge fully granted two motions to dismiss the case 'Latza v. Walker, et al.' filed in Clark County, Nevada District Court. The lawsuit dismissal was brought by NANO Nuclear and its officers and directors.
Jay Yu, Founder and Chairman of NANO Nuclear, expressed satisfaction with the swift resolution, stating this will allow the company to focus on its core mission of becoming America's leading commercial advanced nuclear energy technology company.
NANO Nuclear Energy Inc. (NASDAQ: NNE) ha annunciato la completa archiviazione di una causa per azione derivata intentata da azionisti a Las Vegas. Il 24 aprile 2025, un giudice di Las Vegas ha accolto integralmente due mozioni per respingere il caso 'Latza v. Walker, et al.' presentato presso la Corte Distrettuale della Contea di Clark, Nevada. L'archiviazione della causa è stata promossa da NANO Nuclear e dai suoi dirigenti e amministratori.
Jay Yu, fondatore e presidente di NANO Nuclear, ha espresso soddisfazione per la rapida risoluzione, affermando che ciò permetterà all'azienda di concentrarsi sulla sua missione principale: diventare la principale azienda americana nel settore della tecnologia nucleare avanzata commerciale.
NANO Nuclear Energy Inc. (NASDAQ: NNE) anunció la desestimación completa de una demanda derivada de accionistas en Las Vegas. El 24 de abril de 2025, un juez de Las Vegas concedió completamente dos mociones para desestimar el caso 'Latza v. Walker, et al.' presentado en el Tribunal de Distrito del Condado de Clark, Nevada. La desestimación de la demanda fue promovida por NANO Nuclear y sus directivos y administradores.
Jay Yu, fundador y presidente de NANO Nuclear, expresó su satisfacción por la rápida resolución, afirmando que esto permitirá a la empresa centrarse en su misión principal de convertirse en la principal compañía estadounidense de tecnología nuclear avanzada comercial.
NANO Nuclear Energy Inc. (NASDAQ: NNE)는 라스베이거스에서 주주 파생 소송이 완전히 기각되었음을 발표했습니다. 2025년 4월 24일, 라스베이거스 법원 판사는 네바다주 클라크 카운티 지방법원에 제기된 'Latza v. Walker, et al.' 사건에 대한 두 개의 기각 신청을 전면 승인했습니다. 이번 소송 기각은 NANO Nuclear과 그 임원 및 이사들이 제기한 것입니다.
Jay Yu NANO Nuclear의 창립자이자 회장은 신속한 해결에 만족을 표하며, 이번 결정이 회사가 미국 최고의 상업용 첨단 원자력 에너지 기술 기업이 되기 위한 핵심 임무에 집중할 수 있게 해줄 것이라고 밝혔습니다.
NANO Nuclear Energy Inc. (NASDAQ : NNE) a annoncé le rejet complet d'une action dérivée d'actionnaires à Las Vegas. Le 24 avril 2025, un juge de Las Vegas a entièrement accordé deux requêtes en rejet dans l'affaire « Latza c. Walker, et al. » déposée devant le tribunal de district du comté de Clark, Nevada. Le rejet de la plainte a été demandé par NANO Nuclear ainsi que ses dirigeants et administrateurs.
Jay Yu, fondateur et président de NANO Nuclear, s'est déclaré satisfait de la résolution rapide, affirmant que cela permettra à l'entreprise de se concentrer sur sa mission principale : devenir la première société américaine dans le domaine des technologies nucléaires avancées commerciales.
NANO Nuclear Energy Inc. (NASDAQ: NNE) gab die vollständige Abweisung einer Aktionärsderivatsklage in Las Vegas bekannt. Am 24. April 2025 gewährte ein Richter in Las Vegas zwei Anträge zur Abweisung des Falls „Latza v. Walker, et al.“ vollständig, der am Bezirksgericht Clark County, Nevada, eingereicht wurde. Die Klageabweisung wurde von NANO Nuclear sowie dessen Führungskräften und Direktoren initiiert.
Jay Yu, Gründer und Vorsitzender von NANO Nuclear, zeigte sich zufrieden mit der schnellen Lösung und erklärte, dies ermögliche dem Unternehmen, sich auf seine Kernaufgabe zu konzentrieren: Amerikas führendes Unternehmen für kommerzielle fortschrittliche Kernenergietechnologie zu werden.
- Complete dismissal of shareholder derivative lawsuit reduces legal risks and associated costs
- Swift resolution of legal proceedings allows management to focus on core business operations
- None.
New York, N.Y., April 28, 2025 (GLOBE NEWSWIRE) -- NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or “the Company”), a leading advanced nuclear energy and technology company focused on developing clean energy solutions, today announced that on Thursday, April 24, 2025, a Las Vegas judge granted in full two motions to dismiss brought by NANO Nuclear Energy Inc. and its officers and directors in a putative shareholder derivative action entitled Latza v. Walker, et al., Case No. A-24-900423-B, Clark County, Nevada District Court.
“We are extremely pleased that this case has been so promptly adjudicated and dismissed in its entirety,” said Jay Yu, Founder and Chairman of NANO Nuclear. “This ruling will allow us to devote more of our time and attention to NANO Nuclear’s primary mission of becoming the leading commercially focused advanced nuclear energy technology company in America. We thank our legal team at Ellenoff Grossman & Schole for their insight and hard work in achieving this result.”
About NANO Nuclear Energy, Inc.
NANO Nuclear Energy Inc. (NASDAQ: NNE) is an advanced technology-driven nuclear energy company seeking to become a commercially focused, diversified, and vertically integrated company across five business lines: (i) cutting edge portable and other microreactor technologies, (ii) nuclear fuel fabrication, (iii) nuclear fuel transportation, (iv) nuclear applications for space and (v) nuclear industry consulting services. NANO Nuclear believes it is the first portable nuclear microreactor company to be listed publicly in the U.S.
Led by a world-class nuclear engineering team, NANO Nuclear’s reactor products in development include patented KRONOS MMR™ Energy System, a stationary high-temperature gas-cooled reactor that is in construction permit pre-application engagement U.S. Nuclear Regulatory Commission (NRC) in collaboration with University of Illinois Urbana-Champaign (U. of I.), “ZEUS”, a solid core battery reactor, and “ODIN”, a low-pressure coolant reactor, and the space focused, portable LOKI MMR™, each representing advanced developments in clean energy solutions that are portable, on-demand capable, advanced nuclear microreactors.
Advanced Fuel Transportation Inc. (AFT), a NANO Nuclear subsidiary, is led by former executives from the largest transportation company in the world aiming to build a North American transportation company that will provide commercial quantities of HALEU fuel to small modular reactors, microreactor companies, national laboratories, military, and DOE programs. Through NANO Nuclear, AFT is the exclusive licensee of a patented high-capacity HALEU fuel transportation basket developed by three major U.S. national nuclear laboratories and funded by the Department of Energy. Assuming development and commercialization, AFT is expected to form part of the only vertically integrated nuclear fuel business of its kind in North America.
HALEU Energy Fuel Inc. (HEF), a NANO Nuclear subsidiary, is focusing on the future development of a domestic source for a High-Assay, Low-Enriched Uranium (HALEU) fuel fabrication pipeline for NANO Nuclear’s own microreactors as well as the broader advanced nuclear reactor industry.
NANO Nuclear Space Inc. (NNS), a NANO Nuclear subsidiary, is exploring the potential commercial applications of NANO Nuclear’s developing micronuclear reactor technology in space. NNS is focusing on applications such as the LOKI MMR™ system and other power systems for extraterrestrial projects and human sustaining environments, and potentially propulsion technology for long haul space missions. NNS’ initial focus will be on cis-lunar applications, referring to uses in the space region extending from Earth to the area surrounding the Moon's surface.
For more corporate information please visit: https://NanoNuclearEnergy.com/
For further NANO Nuclear information, please contact:
Email: IR@NANONuclearEnergy.com
Business Tel: (212) 634-9206
PLEASE FOLLOW OUR SOCIAL MEDIA PAGES HERE:
NANO Nuclear Energy LINKEDIN
NANO Nuclear Energy YOUTUBE
NANO Nuclear Energy X PLATFORM
Cautionary Note Regarding Forward Looking Statements
This news release and statements of NANO Nuclear’s management in connection with this news release and such presentation contain or may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “potential”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. In this press release, forward-looking statements may include those related to the anticipated future benefits to NANO Nuclear of the case dismissal described herein, which ruling remains subject to appeal. These and other forward-looking statements are based on information available to us as of the date of this news release and represent management's current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors, which may be beyond our control. For NANO Nuclear, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following: (i) risks related to our U.S. Department of Energy (“DOE”) or related state or non-U.S. nuclear fuel licensing submissions, (ii) risks related the development of new or advanced technology and the acquisition of complimentary technology or businesses, including difficulties with design and testing, cost overruns, regulatory delays, integration issues and the development of competitive technology, (iii) our ability to obtain contracts and funding to be able to continue operations, (iv) risks related to uncertainty regarding our ability to technologically develop and commercially deploy a competitive advanced nuclear reactor or other technology in the timelines we anticipate, if ever, (v) risks related to the impact of U.S. and non-U.S. government regulation, policies and licensing requirements, including by the DOE and the U.S. Nuclear Regulatory Commission, and (vi) litigation risks and similar risks and uncertainties associated with the operating an early stage business a highly regulated and rapidly evolving industry. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement, and NANO Nuclear therefore encourages investors to review other factors that may affect future results in its filings with the SEC, which are available for review at www.sec.gov and at https://ir.nanonuclearenergy.com/financial-information/sec-filings. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.
FAQ
What was the outcome of the Nevada lawsuit against NANO Nuclear Energy (NNE)?
What type of lawsuit was filed against NANO Nuclear Energy (NNE) in Nevada?
How will the lawsuit dismissal impact NANO Nuclear Energy's (NNE) operations?
Which law firm represented NANO Nuclear Energy (NNE) in the Nevada lawsuit?
