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Games & Commerce

Krafton settles lawsuit with former Unknown Worlds management, ending dispute worth up to $250 million

Krafton said on Tuesday that the plaintiff in a lawsuit filed by Fortis Advisors, a former shareholder representative of its subsidiary Unknown Worlds, had withdrawn the case. The company disclosed that the withdrawal followed a settlement, with no judgment amount stated. The dispute concerned an earnout clause in Krafton’s acquisition of Unknown Worlds, tied to performance including that of “Subnautica 2,” with a potential payout of up to $250 million.

Games & Commerce

U.S. court rules Krafton\'s firing of Unknown Worlds CEO was unfair, orders reinstatement

A U.S. court has ruled that Krafton\'s dismissal of Unknown Worlds\' management was unfair and ordered the reinstatement of the fired chief executive. The Delaware Court of Chancery said Krafton must return operational control of the studio, including authority over the release of Subnautica 2, and extend the calculation period for conditional earn-out payments by 258 days. A separate damages lawsuit will continue.