Kendall Law Group Announces Securities Class Action Against RHI Entertainment, Inc.
19 Outubro 2009 - 3:18PM
Marketwired
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.
Hamilton Lindley Kendall Law Group LLP 3232 McKinney Ave., Ste.
700 Dallas, TX 75204 (214) 744-3000 Telephone (214) 744-3015
Facsimile (877) 744-3728 Toll Free hlindley@kendalllawgroup.com
www.kendalllawgroup.com
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