Based on how SE has reponded to this situation, I don't think they will do that.
From An Update to our Community and an Apology (emphasis mine)
We removed a moderator for repeatedly violating our existing Code of Conduct and being unwilling to accept our CM’s repeated requests to change their behavior. We recognize it has caused concern in the community as a whole. We made a hard decision, and we stand by that decision.
A comment on one of the answers:
We aren't going to re-litigate the past. We can't share more details as they involve real people, both moderators and people that work here. What we can say now is that we will do better in the future. - Sara Chipps
This is an official response from the Director of Public Q&A. It is not one the frivolous and impromptu replies. This came after a week of internal meetings and 20+ mod resignations later. They are neither taking Monica's calls nor replying to any of the emails. I don't think a meta post is going to change their mind.
UPDATE:
David Fullerton (Stack Overflow’s CTO) has posted An apology to our community, and next steps
We hurt a longstanding member of the community and an important volunteer moderator. She deserved the benefit of a private, comprehensive process. In the absence of a clear process for handling this kind of situation, we should have taken inspiration from our existing Moderator Action Review Process. We made a decision to act quickly, which I personally approved, but in doing so skipped several critical parts of the process. In acting quickly, we also acted at a time which coincided with a Jewish holiday which she and many other members of our community observe, and we should have taken that more into account in the process.
I’m responsible for that, and I’m sorry. We’ll be reaching out to her directly to apologize for the lack of process, privacy, and to discuss next steps. We’ll keep those discussions completely private unless we both agree to share any of it with the community.
