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.