They were never going to bankrupt him. At best they'd take the money he made from crowd-sourcing the deal, but that's about it. The fact is, they were suing him to stop a film he hadn't made yet. Getting him for Prelude would have been a tough sell because C/P had consistently chosen to ignore fan productions before. The 100 million thing never would have happened, and would have been a mockery of the system to even attempt it. It'd be like suing the author of a derivative novel 127 times because that's how many times he used the word "and." Also, he's still going to make Axanar, but claims he'll find a way to do it within the idiotic framework. Sounds like Trump-speak to me, but we'll see. That will get him off the hook with the people who funded it. All he needs to do is crank out some thing to fulfill his obligation. And I'm not sure why you'd care about them anyway. They were paying him to "shit all over Star Trek," weren't they?
Interestingly, most of the powers that be have been pretty up front about the reason for the lawsuit. His project was too professional looking. If it had looked like shit nobody would care. It looked really good and he got sued, coming as a surprise to everybody. I saw an interview with a VP of property rights the other day making that very remark.
Both you and Blob have made your minds up, so there's really no point discussing Peters, Axanar and the film. Personally, I'm just sorry we won't get to see the thing. After watching the latest Continues episode a couple of nights ago, arguably the very best of the fan-flicks, I've given up on them. While I salute their intentions and their affinity for the show, the truth is they're just not very good. This was one I really think I would have liked. And honestly, anybody who likes this sort of thing and doesn't regret that we won't see Axanar is just being spiteful.