Speaking at an event at Penn State, Gladwell told an audience that the statue of Paterno, the university's former head football coach, should be restored.
All three defendants had ignored reports that Sandusky had sexually abused boys while he was associated with Pennsylvania State University.
A new investigation indicates that sexual abuse at the elite New York school was much more common than previously thought.
If the settlement is finalized, Joe Paterno will regain his title as coach with the most wins at a college level.
The former Penn State football coach was convicted in 2012 of molesting 10 boys over 15 years and is serving a prison sentence of 30 to 60 years