I think the way to look at it is this:
1. If the suit gets classed, HLA will close due to bankruptcy.
2. If the suit does not get classed, HLA may last a little longer while trying to fend off individual lawsuits (as many as 40).
3. Above two points become moot if licensure is denied through ORS and HLA will close by force of law.
So, the only way for HLA to survive, in fact, is for the license to be granted and for the suits to be won (they won't be dismissed). The odds are not very good for HLA's survival.