Overview
- Krafton must immediately return Ted Gill to the CEO role with full operational authority, including control over Subnautica 2’s Early Access timing and access to the Steam platform.
- The earnout testing period tied to up to $250 million is extended to September 15, 2026, with a contractual option to push it to March 15, 2027.
- Vice Chancellor Lori W. Will found Krafton breached the deal by firing key leaders without valid cause and relying on pretext, citing internal “Project X” efforts and consultations with ChatGPT.
- The July 1, 2025 board resolution was declared ineffective insofar as it infringed Gill’s control rights, while co-founders Charlie Cleveland and Max McGuire were not reinstated.
- Phase Two of the case will address damages and whether Krafton impaired the earnout, as Krafton says it respectfully disagrees with the ruling and is evaluating its options.