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Delaware Court Orders Krafton to Reinstate CEO Ted Gill

3/17/2026

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Summary

Story summary

A Delaware court ordered Krafton to reinstate Ted Gill as chief executive of Unknown Worlds and extend the Subnautica 2 earnout to September 15, 2026.
The ruling found Gill and two other executives were terminated to avoid paying the earnout, not fired for cause.
Krafton must restore Gill's operational control and address ongoing monetary-damages litigation.
Krafton plans to release Subnautica 2 as soon as possible.

History

Historical Context

In 2023, a Delaware court ruled that Krafton unlawfully terminated Ted Gill and two executives to avoid a $10 million earnout, reflecting ongoing tensions in corporate governance. This case echoes the Sarbanes-Oxley Act of 2002, which aimed to enhance corporate accountability and protect whistleblowers, and highlights the evolving landscape of executive compensation and legal scrutiny in the gaming industry.

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Story summary

A Delaware court ordered Krafton to reinstate Ted Gill as chief executive of Unknown Worlds and extend the Subnautica 2 earnout to September 15, 2026.
The ruling found Gill and two other executives were terminated to avoid paying the earnout, not fired for cause.
Krafton must restore Gill's operational control and address ongoing monetary-damages litigation.
Krafton plans to release Subnautica 2 as soon as possible.

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