If down voters want to explain their objection we'd probably all benefit - this may sound pithy but afaict parent is correct: Tropic Haize LLC is the defendant in TFA; LLC stands for Limited Liability Company. IANAL but this essentially means the company is on the hook for the damages, if it doesn't have that much then Nintendo probably becomes it's most senior creditor (gets paid first) in bankruptcy, but its directors (the emulator devs, presumably) are unlikely to be personally liable, at least wouldn't be in a judgement on this case. Settling would I assume imply that Nintendo thinks it is getting paid (won't bankrupt the company, or directors agreed to kick it in) though.
They're about as likely to get paid as the poor sods the RIAA sued. It's just about using their legal muscle to shut them down.
They will get the assets though. So $30k in patron money for the month, the domain, the trademark, and the copyright to the GPL'd code.
They didn't win in court though, they settled, so the money would be a strange and arbitrary amount if they don't think they're getting it?
Pretty much. The term for this is judgement proof.