Law Offices of Howard G. Smith Announces Class Action Lawsuit Against RHI Entertainment, Inc.
10 October 2009 - 3:45PM
Business Wire
Law Offices of Howard G. Smith announces 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.
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.
No class has yet been certified in the above action. Until a
class is certified, you are not represented by counsel unless you
retain one. If you purchased RHI Entertainment, Inc. common stock
pursuant and/or traceable to the Company’s June 19, 2008, IPO, you
have certain rights, and have 60 days from the date of this Notice
to move for Lead Plaintiff status. To be a member of the class you
need not take any action at this time, and you may retain counsel
of your choice. If you wish to discuss this action or have any
questions concerning this Notice or your rights or interests with
respect to these matters, please contact Howard G. Smith, Esquire,
of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020, by telephone at (215)638-4847,
Toll-Free at (888)638-4847, by email to howardsmith@howardsmithlaw.com or visit
our website at www.howardsmithlaw.com.
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