Everyone I know in tech would probably agree with you, and consider suing reporters to be a bad approach. But everyone I speak to in business management seems to take the view that this strengthens their view of Ubiquiti.
Ubiquiti basically needs to weigh whether it makes sense to get burned by Streisand effect now or cut their losses and hope journalists don't burn them again in the future when they don't do due diligence on a lead. After reading through the complaint, it looks like their demands are reasonable.
What I'm more interested to know is whether never issuing a correction/retraction is going to work for or against Krebs.
"Within five years of the appointment of a business manager, wages decline by 6% and the labor share by 5 percentage points in the US, and by 3% and 3 percentage points in Denmark. Firms appointing business managers are not on differential trends and do not enjoy higher output, investment, or employment growth thereafter."