INVESTIGATION INTO POSSIBLE LAWSUIT

The law firm Abraham, Fruchter & Twersky, LLP (“AFT”) announces that it is investigating possible violations of federal securities laws with respect to a statement and prospectus (collectively, the “Registration Statement”) filed with the Securities and Exchange Commission by RHI Entertainment, Inc. (“RHI” or the “Company”) (NASDAQ:RHIE) in connection with RHIE’s June 19, 2008 initial public offering (the “IPO”).

On November 6, 2008, the Company issued a press release announcing their business operations were not as strong as previously stated, citing problems in liquidity and growth. In response to this announcement, the price of RHI common stock dropped by more than 43%, from $13.91 per share to $7.95 per share on November 10, 2008, on heavy trading volume.

Abraham, Fruchter & Twersky, LLP has extensive experience in representing the rights of investors in securities class action cases, and the firm has been ranked among the leading class action law firms in terms of recoveries achieved by a survey of class action law firms conducted by Institutional Shareholder Services.

If you purchased RHI’s stock in the IPO and wish to discuss this matter further, please contact Jack G. Fruchter of Abraham, Fruchter & Twersky, LLP at 212-279-5050, or via email at jfruchter@aftlaw.com

Attorney Advertising. Prior results do not guarantee a similar outcome.