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Delaware Court Reinstates CEO, Extends $250M Bonus Eligibility

3/17/2026

48 10 Full Breakdown

Summary

Story summary

A Delaware court ordered Krafton to reinstate Ted Gill as CEO of Unknown Worlds, the studio behind Subnautica 2.
Gill and Unknown Worlds co-founders Charlie Cleveland and Max McGuire allege wrongful termination to avoid a $250 million bonus.
The judge found Krafton breached the Equity Purchase Agreement by firing the trio without valid cause.
The bonus eligibility period has been extended to September 15, 2026, while damages litigation continues.

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Story summary

A Delaware court ordered Krafton to reinstate Ted Gill as CEO of Unknown Worlds, the studio behind Subnautica 2.
Gill and Unknown Worlds co-founders Charlie Cleveland and Max McGuire allege wrongful termination to avoid a $250 million bonus.
The judge found Krafton breached the Equity Purchase Agreement by firing the trio without valid cause.
The bonus eligibility period has been extended to September 15, 2026, while damages litigation continues.