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Thanks for the link to the ad. I have several reactions:

What in the world are they saying?
88 people with Ph.D.'s actually composed or signed onto this piece of incoherent drivel?
Oh no wonder, look at the list of imaginary academic disciplines that the sponsors hail from. This kind of stream of consciousness rant wouldn't make it into most teenagers diaries but passes for 'scholarship' in those departments.
The writing was undoubtedly calculated to be incendiary and make a voliatile situation on the Duke campus worse
Somebody in the group was smart enough to throw in a few phrases like "if they are proven guilty"
Somebody was also smart enough to make sure the most irresponsible statements were quotations from anonymous Duke students

As much as I loathe everything these 88 professors stand for, after reading it I'm really doubtful that it rises to the level of libel or slander. They don't mention the students by name and they never say the students are definitely guilty. In fact, I'm not sure what the heck they are saying, other than that society is to blame for such terrible things. I hate to defend such blithering idiots. I'm sure they hoped to stir up enough ruckus surrounding a high profile trial to guilt Duke University into endowing a few more professorships in Progressive Studies as the only means to attone for the climate of patriarchy that led to this incident. Much as I loathe them, and much as I think the 3 Duke Lacrosse players are owed an awful lot, I'm not sure I want to enrich lawyers and stifle speach by calling this rambling diatribe slanderous.