BOULDER, Colo., Oct. 30, 2009 (GLOBE NEWSWIRE) -- Advertising Material -- The Shuman Law Firm today announced that a securities class action lawsuit has been filed on behalf of all persons or entities who purchased the common stock of RHI Entertainment, Inc. ("RHI Entertainment" or the "Company") (Nasdaq:RHIE) pursuant and/or traceable to the Company's Initial Public Offering on or about June 19, 2008 (the "IPO"). The class action lawsuit was filed in the United States District Court for the Southern District of New York.
If you wish to discuss this action or have any questions concerning this notice or your rights and interests with respect to this matter, please contact Kip B. Shuman or Rusty E. Glenn toll free at (866) 974-8626 or email Mr. Shuman at kip@shumanlawfirm.com or Mr. Glenn at rusty@shumanlawfirm.com.
The Complaint alleges that the defendants violated federal securities laws by, among other things, issuing a materially false and misleading Registration Statement and Prospectus (collectively, the "Registration Statement") which failed to disclose material adverse information concerning RHI Entertainment's business, prospects and financial condition, thereby artificially inflating the price of the Company's securities.
If you purchased RHI Entertainment common stock pursuant and/or traceable to the Company's June 19, 2008, IPO, you may request that the Court appoint you as lead plaintiff of the Class no later than December 8, 2009. A lead plaintiff is a class member that acts on behalf of other class members in directing the litigation. Although your ability to share in any recovery is not affected by the decision whether or not to seek appointment as a lead plaintiff, lead plaintiffs make important decisions which could affect the overall recovery for class members.
The Shuman Law Firm represents investors throughout the nation, concentrating its practice in securities class actions and shareholder derivative actions.
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