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Case Status:    SETTLED
On or around 11/28/2011 (Date of order of final judgment)

Filing Date: October 09, 2009

According to a press release dated October 09, 2009, the complaint charges RHI Entertainment and certain of its executives with violations of the Securities Act. RHI develops, produces, and distributes new made-for-television (“MFT”) movies, mini-series, and other television programming worldwide. The Company also produces new episodic series programming for television.

On or about June 13, 2008, RHI filed with the Securities and Exchange Commission (“SEC”) a Form S-1/A Registration Statement (the “Registration Statement”) for the IPO. On or about June 19, 2008, the Prospectus (the “Prospectus”) with respect to the IPO, which forms part of the Registration Statement, became effective and, including the exercise of the over-allotment, more than 13.5 million shares of RHI’s common stock were sold to the public, thereby raising more than $189 million.

The complaint alleges that, throughout the Class Period, defendants made numerous positive statements regarding the Company’s financial condition, business and prospects. According to the complaint, the description of the Company’s business in the Registration Statement created the materially misleading impression that at the time of the IPO the Company had orders for 40 MFT movies and mini-series which had been paid for, were in production and would be delivered in the later half of the year. The complaint further alleges that these statements were materially false and misleading because defendants failed to disclose that, given the declining state of the credit markets and other negative factors then impacting the Company’s business, the Company would not be able to complete 40 MFT movies and miniseries in 2008.

On January 11, 2010, an order appointing lead plaintiff and approving selection of lead counsel was granted by the Court.

On March 18, 2010, an amended class action complaint was filed by the plaintiffs against the defendants in this matter.

COMPANY INFORMATION:

Sector: Services
Industry: Motion Pictures
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: RHIE
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: S.D. New York
DOCKET #: 09-CV-08634
JUDGE: Hon. Alvin K. Hellerstein
DATE FILED: 10/09/2009
CLASS PERIOD START: 06/19/2008
CLASS PERIOD END: 10/09/2009
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Abraham, Fruchter & Twersky (New York, One Pennsylvania Plaza)
    One Pennsylvania Plaza, Suite 1910, Abraham, Fruchter & Twersky (New York, One Pennsylvania Plaza), NY 10119
    212.279.5050 212.279.3655 · JFruchter@FruchterTwersky.com
  2. Coughlin Stoia Geller Rudman & Robbins LLP (Melville)
    58 South Service Road, Suite 200, Coughlin Stoia Geller Rudman & Robbins LLP (Melville), NY 11747
    631.367.7100 631.367.1173 · info@csgrr.com/
No Document Title Filing Date
COURT: S.D. New York
DOCKET #: 09-CV-08634
JUDGE: Hon. Alvin K. Hellerstein
DATE FILED: 03/19/2010
CLASS PERIOD START: 06/19/2008
CLASS PERIOD END: 10/09/2009
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Coughlin Stoia Geller Rudman & Robbins LLP (NY)
    200 Broadhollow Road, Suite 406, Coughlin Stoia Geller Rudman & Robbins LLP (NY), NY 11747
    631-367-7100 631-367-1173 · info@csgrr.com/
No Document Title Filing Date