The key bit, courtesy of Instapundit:
"We believe that these cases were the result of a tragic rush to accuse and a failure to verify serious allegations. Based on the significant inconsistencies between the evidence and the various accounts given by the accusing witness, we believe these three individuals are innocent of these charges.”
Now, as we've said before, it's time to hang Mike Nifong. Note, it's HANG which implies due process as opposed to LYNCH which is what Mike Nifong did which implies nothing.