Isn't the amount of damages (whether one lawsuit or two) still dependent on the value lost or damages incurred by Square Enix? I have a hard time believing that they could get 150k (let alone 300k) from this. The Alpha is said to be missing some dialogue and scenes, and lacks any "polish". No one is going to get it and say, "This is way better than [insert new/random SE game here]. I'll play this instead of paying for a game!"
...Actually, that scenario is perhaps possible if the game in question is Last Remnant, but that's beside the point. In any case, I'd still not want to find out in front of a judge. Having a real life is vastly more important.
As a side note, what is the status of Temporal Flux in all this? Was it discussed at all in negotiations? I suppose it doesn't matter if you can't make games with it, but it still requires a copy of the game to begin with.
*Returning to watching amazing footage*