[I]n videotaped testimony shown during the trial, Jann S. Wenner, Rolling Stone’s founder and editor, said the magazine was wrong to retract the story fully.The jury didn't buy that. And Eramo was deemed a public figure so the verdict represents a finding that the publisher either knew the story was false or had reckless disregard for whether or not it was true.
“We did everything reasonable, appropriate up to the highest standards of journalism to check on this thing,” Mr. Wenner said. “The one thing we didn’t do was confront Jackie’s accusers — the rapists.”
Referring to Jackie, Mr. Wenner said there was nothing a journalist could do “if someone is really determined to commit a fraud.”
There's a second lawsuit brought by the fraternity.