He claimed in an interview there's context to the texts that makes it look better, but he hasn't actually released that context, just said that it exists and he wishes WP Engine would [0]. I'm having a hard time imagining context that would make this not extortion, and if there really is context that makes it better I'm unsure why he's not releasing it himself. He's certainly not gone into no-comment-on-legal-matters mode, so his silence there speaks volumes to me.
[0] https://www.youtube.com/watch?v=OUJgahHjAKU