According to BlockBeats, on November 29, according to Decrypt, the six founders of Neon Machine, the game development studio behind Shrapnel, have filed a lawsuit in the Delaware Trial Court, suing Cort Javarone, CEO of 4D Factory Investment Company, Steve Horowitz, 4D equity holder, and Scott Honour of the private equity firm Northern Pacific Group, saying that these investors are trying to control the company's shareholders and plunder its treasury to solve Javarone's own $4.5 million debt. Neon executives claim that Javarone is trying to take over its studio and has violated its contractual commitments to new investors. The Neon founders who filed the lawsuit include Chief Technology Officer and Studio Head Don Norbury, Chief Creative Officer Colin Foran, Chief Operating Officer Aaron Nonis, Chief Marketing Officer Mark Yeend, Head of Business Development Naomi Lackaff, and CEO Mark Long, who is said to have been fired. According to Law360, Javarone appointed himself as Neon CEO on November 13 and removed the original CEO Long from the studio's board of directors. However, Long posted on the X platform that he still serves as CEO. In response to the game studio Neon Machine suing investors, the shooting game Shrapnel posted on the X platform: "For legal reasons, we cannot comment on ongoing litigation. However, our players, creators and the wider community can rest assured that we are in full control of the development, funding and operations of our groundbreaking AAA first-person extraction shooter game and are focused on releasing an early access version in the coming weeks." BlockBeats previously reported that on October 25, according to Decrypt, the game development studio Neon Machine completed a $20 million Series A financing round, led by Polychain, with participation from Griffin Gaming Partners, Brevan Howard Digital, Franklin Templeton, IOSG Ventures and Tess Ventures.