No it's not. That's not close to an accurate description of what vicarious liability is - which FTR has nothing to do with what the Candace Conti case is about.
http://en.wikipedia.org/wiki/Vicarious_liability
Vicarious liability is a form of strict, secondary liability that arises under the common law doctrine of agency – respondeat superior – the responsibility of the superior for the acts of their subordinate, or, in a broader sense, the responsibility of any third party that had the "right, ability or duty to control" the activities of a violator.
The response by a superior to anyone sexually or violently assaulted by a violator in the facilities owned and operated by the superior or person in charge of the facility would be to immediately contact law enforcement.
Whatever the legal definition is for the actions of the Penn State officials, they were obviously responsible for maintaining a safe environment in their college. If some child is raped in the shower by psychopath Sandusky, contact the police.