I wish Johan Gielis, the author, all the best in future. We're going to meet and chat maths once the game is out

— Sean Murray (@NoMansSky) July 23, 2016

It seems that people also love to sue Nintendo

How can you even patent a mathematical formula?

It's the same case.

So nothing actually is happening over this?

Edit:  Reading the original source of all this, it might be as simple as the author of the article using the word "superformula".  

Because Johan gielis is a co-owner of genicap, the Dutch company threatening to sue hello games.

Sky suing Hello Games over the use of "sky" is a different thing than Genicap possibly suing over the "superformula".  It's already been settled.

This game seems to be full of potential excitement!

Probably inspired by superformula but written from the ground up in a completely different way.

Sky TV is suing over syndycated broadcast rights to The Cosby Show, which was purchased by Hello Games for ( an understandably ) low price, which undercuts the deal Sky currently has with NBC/Bill Cosby. I said currently because Sky claims they STILL have a year left on their contract. The other issues are a clause that Sky has that A: Gives them matching rights, and more importanly B: First crack at the contract when it expires.