S&P Credit Rating Litigation in Maine Short-Lived?

Odds are, yes.  Maine is among the nearly twenty states that have sued Standard & Poor's Financial Services, LLC and McGraw-Hill Companies, Inc. for alleged unfair trade practices in violation of state law, but that litigation is now in federal court and subject to a motion to transfer pending before the U.S. Judicial Panel on Multidistrict Litigation, according to the National Law Journal. 

Preti Flaherty attorneys Sigmund D. Schutz and Michael S. Smith serve as Maine counsel for Standard & Poors and McGraw-Hill in coordination with Cahill Gordon in New York City.