he was "not found guilty" seems closer to the truth.
VS, I like your wording. Fits well.
I have noticed several jurors saying how the accuser and his mother are proven liars and that was most influential on their verdict. But, none of them have mentioned that MJ is a proven liar also and that seems to have had no influence upon their verdict. As I recall, MJ lied about his treatment by LEOs during his booking. I think that's a darned serious lie and should have been a big consideration for the jurors. It hasn't even been mentioned by the jurors so I doubt it played any part in their verdict.
Guilty, not convicted.