First of all, there's no lawsuit and even though authors have been targeting STP for last few months vigilantly, this decision was regardless of that. Even if there's a lawsuit, it will be a total loss for the authors really as STP doesn't have any assets or anything.
When you got nothing then you got nothing to lose.
Our aim is to be different than the other forums/sites. We believe that there's a difference between piracy and sharing, and there could be a possible solution where both readers and authors can be catered, especially the new authors who are financially-strapped. We are working on server upgrades and a new site (which will replace STP) with a fresh outlook and another chance for us to try to find a peaceful solution.