This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Kendall Law Group Announces Securities Class Action Against RHI Entertainment, Inc. 2009-10-19 13:18 ET - News Release DALLAS, TX
-- (MARKET WIRE)
-- 10/19/09 
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.
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