The files are behind a paywall, but it looks like the lawsuit was initiated by ELLAS TV against TITAN for "Fraud or Truth-In-Lending", not the other way around. Titan controls the international rights for MEGA COSMOS, ALPHA SAT, STAR INTERNATIONAL, 4E & RIK SAT. This isn't the first time people from TITAN are involved in a lawsuit over these channels....
Without being able to look at the files/complaints, at worst, my guess is they would loose any international version of these channels.... TITAN is the least of their worries......
By the way, TITAN also used to list SKAI and EPSILON as rights they control, now they are mysteriously gone from their website......