While I understand the frustration, I completely get why Thrasher isn't going anywhere near this. Now, I think they would avoid it even if they weren't potentially liable, but in the current situation, it'd be insane to have anything on record. They are the richest entity that has any potential of liability in this case, and therefore are the ones who they would target. It's not like you are going to be able to take much money off of Jesse, Pizza skateboards or GX1000.
I highly doubt that High Speed has any liability in this situation. Unless someone from GX1000 is staff for High Speed.
The only issue could be X company is upset that Y magazine produced negative publicity about one of their (former) riders and stops advertising. However, since the skate media-is-pay-to-play, X company would have to be pretty confident that they and their riders could go without editorial coverage in Y mag.
Also, our discussion frames this all as, "the industry/editors/mags aren't allowing anyone to cover this," I really wonder if any writer has even pitched this idea. What skate "journalist" is going to wake up at 7AM, get to the court house at 8:00, sit around, take notes on the case, and then write something up?
There are only a handful of skate mag writers who I think are competent and thoughtful enough to even consider covering this. Most skate journalists simply write about x pro shitting his pants or something else that barely requires any thought at all.
Finally, I can easily imagine an editor believing, "Yea, it is a good idea, but it is boring. None of our readers are going to care." (This isn't true, but I can imagine the editor believing this.)