(Source: MARKETWIRE)

Brower Piven, A Professional Corporation announces that a class
action lawsuit has been commenced in the United States District Court
for the Southern District of New York on behalf of purchasers of 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 (the "IPO" or the "Offering") on or about
June 19, 2008.
No class has yet been certified in the above action. Members of the
Class will be represented by the lead plaintiff and counsel chosen by
the lead plaintiff. If you wish to choose counsel to represent you
and the Class, you must apply to be appointed lead plaintiff no later
than December 8, 2009 and be selected by the Court. The lead
plaintiff will direct the litigation and participate in important
decisions including whether to accept a settlement and how much of a
settlement to accept for the Class in the action. The lead plaintiff
will be selected from among applicants claiming the largest loss from
investment in the Company during the Class Period. You are not
required to have sold your shares to seek damages or to serve as a
Lead Plaintiff. You may contact Brower Piven (through
hoffman@browerpiven.com or 410/986-0036) to answer any questions you
may have in that regard.
The complaint accuses the defendants of violations of the Securities
Act of 1933 by virtue of the registration statement and prospectus
for the Company's initial public offering ("IPO") on or about June
19, 2008 creating 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 when, in truth, 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. As a consequence of
the foregoing, investors who are members of the proposed class
suffered losses from their investment in RHI Entertainment common
stock.
If you have suffered a net loss for all transactions in RHI
Entertainment, Inc. common stock pursuant and/or traceable to the IPO
on or about June 19, 2008, you may obtain additional information
about this lawsuit and your ability to become a lead plaintiff by
contacting Brower Piven at www.browerpiven.com, by email at
hoffman@browerpiven.com, by calling 410-986-0036, or at Brower Piven,
A Professional Corporation, The World Trade Center-Baltimore, 401
East Pratt Street, Suite 2525, Baltimore, Maryland 21202. Attorneys
at Brower Piven have combined experience litigating securities and
class action cases of over 40 years. If you choose to retain counsel,
you may retain Brower Piven without financial obligation or cost to
you, or you may retain other counsel of your choice. You need take no
action at this time to be a member of the class.
CONTACT:
Charles J. Piven
Brower Piven, A Professional Corporation
Baltimore, Maryland
410/986-0036
Email Contact
SOURCE: Brower Piven, A Professional Corporation
A service of YellowBrix, Inc.