>Since white males are not protected class.
Yes they are. Or at least whites and males are a protected class (at the suit alledges discrimination against these classes independently, not just their intersection).
It is true that the intent of the anti discrimination laws was to protect non-whites and females, codifying that into law would be a clear violation of the equal protections clause and make any such law unconstitutional.
>My personal unqualified opinion is that they will settle out of court for wrongful termination.
The wrongful termination argument defiantly seems stronger here. However, it is worth keeping in mind that they have not settled yet. I assume Damore's laywers would have tried settling before even filing [0]. If Google wanted to settle they should have done it back than, before the PR hit of the suit being filed happened. Coming up is the PR hit of discovery, which is going to bring to light a lot of skeletons that Google would rather keep hidden. (Even if Google did nothing wrong with regards to this case; no organization the size of Google can go through discovery without something coming out)
[0] Assuming their actual goal is just money. They claim to be doing this to effect change. While their public statements on motivation are highly suspect, it is within the realm of reason that they are actually interested in this case for the political agenda, in which case they would want to take it to court.