If the President isn't protecting the university from lawsuits, then she isn't doing her job.
She didn't need to speak publicly to do that. She could have handled it behind closed doors with a paper trail. Included in that would be a file with Mr. Jones', HCBD's and WM's signatures (as his direct supervisors I assume) that confirmed whatever corrective actions and discussions took place. The AD office could have released a short statement saying the situation has been handled internally along with a short statement from Jones clarifying his comment.
This paper trail would be available upon discovery and any lawsuit would likely be dismissed, or successfully defended. I'm not a lawyer, but I don't think it takes one to figure that out.
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