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From what I understand -
Punk wanted to vent and spill all the beans about his WWE exit and he decided to get in Colts podcast. With the agreement that Punk would cover any legal fees - Punk gets sued by wwe for beach of contract and Colt also gets sued by wwe. Punk covers Colts fees until he decides he's paid enough and tells Colt he won't pay the fees anymore.
Colt being poor jew (I know...) sues Punk for breach of agreement, which they settle outside court.
Punk goes on to invest in shit and lose even more money, until he crawls to wwe - Vince says so suck dick. Tony says let me suck your dick.