The problem is, that 'no wrongdoing' verdict might come after years of litigation, costing millions of dollars, a non-zero amount of business impact (people getting depositioned, document discovery, etc etc) and who knows how much lost customer goodwill.
After all, smoke=fire, mud sticks, etc etc.
The school started a relationship with Facebook the moment they knowingly logged in with somebody else's credentials.
Credentials gained under duress, in case anybody says 'but she handed them over!'
There's an outline out there for a proposed second season, and it's awfully dark.