# Prof. Lawrence White on an Australian federal judge’s ruling that holds a ratings agency liable

1 Faculty News November 5, 2012 ![](/sites/default/files/styles/246w/public/assets/images/con_030601.jpg?itok=GeJte3i1)>

Excerpt from [Bloomberg Businessweek](http://www.businessweek.com/articles/2012-11-05/in-australia-an-ominous-ruling-for-ratings-firms) -- "The case could have broad implications for similar litigation around the world. 'It’s a surprise,' says [Lawrence White](http://www.stern.nyu.edu/faculty/bio/lawrence-white), an economics professor at New York University’s Stern School of Business. 'It may well be that we will see more of these types of things.'”

[Read more](http://www.businessweek.com/articles/2012-11-05/in-australia-an-ominous-ruling-for-ratings-firms)