SOURCE: Kendall Law Group

Kendall Law Group

October 19, 2009 13:18 ET

Kendall Law Group Announces Securities Class Action Against RHI Entertainment, Inc.

DALLAS, TX--(Marketwire - October 19, 2009) - Kendall Law Group, led by a former federal judge today announced that a lawsuit has been filed against RHI Entertainment, Inc. (NASDAQ: RHIE) for securities violations concerning their initial public offering on June 19, 2008.

The complaint, filed in the Southern District of New York, charges RHI and certain of its officers and directors with violations of the federal securities laws concerning Defendants positive statements regarding the financial condition, business and prospects of the Company. The Company's Registration Statement created the materially misleading impression of the business by stating that they had orders for 40 MFT movies and mini-series which had been paid for, were in production and would be delivered in the later part of the year. These statements were false given the declining state of the credit markets and other negative factors that had an impact on RHI's business.

On June 13, 2008, RHI filed their Registration Statement with the SEC for the Initial Public Offering. On June 19, 2009, the Prospectus for the IPO became effective and more than 13.5 million shares of RHI's common stock were sold to the public, raising more than $189 million.

Any shareholder, who purchased RHI stock during the above time period, may move the Court to serve as a plaintiff in this class action. If you wish to serve as lead plaintiff, you must move the Court for appointment by December 8, 2009. A lead plaintiff is a class member who acts on behalf of other class members in directing the litigation. Your ability to share in any recovery is not, affected by the decision to serve as a lead plaintiff. Any member of the class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

Led by a former federal judge and former U.S. Attorney, Kendall Law Group has the credentials to pursue any type of complex securities litigation in the nation. If you wish to learn more about your rights as a shareholder, contact attorney Hamilton Lindley at 877-744-3728 or hlindley@kendalllawgroup.com.

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