Yes, he does. There is a cease and desist order from Nordost's attorneys about Waldrep's potentially libelous postings. If Waldrep does not comply, he will be sued. Since Waldrep has no real evidence, like that demo disc which likely has already been shredded, he has got no defense. I cannot blame Waldrep for capitulating.
BTW, it is not libel if the claim is true. The problem is risking you can prove it is true.
Unfortunately, it appears to this non-lawyer as though the law is on Nordost's side, regardless of the actual truth of the matter. I am strongly inclined to believe Waldrep's account of it, however. That may be to no avail, because except for a few threads that still have access to Waldrep's original posts, now officially taken down on his site, most audiophiles will never know about these allegations, especially not the mega bucks types who typically buy Nordost cables, especially power cables. My heart bleeds for those unfortunate souls, the downtrodden victims. Is there no justice?
But, it should come as no surprise to those here that the cable hucksters need to resort to shady and underhanded practices to generate sales. I think we already know that if they tried to take the high road by demonstrating measurable or bias-controlled listening advantages it just ain't gonna work. They have the resources to do that, but they don't. As with the earlier case of AudioQuest, this pretty well demonstrates their claims are vacuous to my satisfaction, as if I did not already know.