Seems incredibly ill-advised to be publicly discussing what is sure to result in legal action. Even as one-sided as this is, the best he can do is incriminate himself. The other side will wait until due process requires them to disclose their case. At best he's trying to rally opinion (why?), at worst he's just seeking attention, and either way he's just making things worse on himself.

As a CEO he just associated his company with poor decision making.

If this guy has a lawyer, he should consider listening to them.

But IANAL, so who knows.