The 2014 Rolling Stone article was widely discredited and eventually retracted by the magazine, leading to a major lawsuit.
The jury ruled that Rolling Stone acted "with actual malice" in publishing its now-infamous campus rape article.
Eramo is seeking over $7 million in damages.
Deans Steve Coll and Sheila Coronel disagreed with Rolling Stone Publisher Jann Wenner's claim that the purported victim bears blame.
"A Rape on Campus" began to unravel soon after it was published on Nov. 19, 2014 in "Rolling Stone." Now, police say there's no evidence to support the account of a brutal gang rape contained in the story.
The story, by reporter Sabrina Rubin Erdely, described a 2012 alleged attack on a woman identified as "Jackie" at a Phi Kappa Psi fraternity house pledge party.