Yeah, sure. That the ITE trailer was a fake it was implied.
A nice and sincere tribute, actually, but always a fake.
Will there be legal consequences?
I would hope not, at least not against the guys who made Bitter Lake
since they never made any connections to Inherit the Earth
. Besides, what good could come of it? If anything, the team that did Bitter Lake
might be a good source of talent at some later date.