Currently a long legend in RadHtmlChart overflows the PlotArea under IE, while in the rest browsers it is cut. The workaround is to hide the legend and create a custom one in a styled div (e.g. KendoUI demonstrates such an example here - http://demos.kendoui.com/dataviz/bubble-charts/index.html)
You can use the l"\n" line feed character in order to line break the legend - http://demos.telerik.com/aspnet-ajax/htmlchart/examples/functionality/multiline-labels/defaultcs.aspx
Also, the work around suggested doesn't really help all that much. The colors used by the chart for the items on the legend would be required.
Experiencing this as well with the Kendo UI Chart. A fix would be nice.