BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased RCI Hospitality Holdings, Inc. ("RCI†or the "Company†) (NASDAQ: RICK) securities between December 15, 2021 and September 16, 2025, inclusive (the "Class Period†). RCI investors have until November 20, 2025 to file a lead plaintiff motion. IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN RCI HOSPITALITY HOLDINGS, INC. (RICK), CONTACT THE LAW OFFIC. ...

Core Viewpoint - A class action lawsuit has been filed against RCI Hospitality Holdings, Inc. for allegations of tax fraud and bribery, leading to significant stock price declines following the announcement of these allegations [2]. Group 1: Allegations and Impact - The lawsuit claims that RCI Hospitality Holdings engaged in tax fraud and bribery to conceal this fraud, resulting in an understatement of the legal risks faced by the company [2]. - Following the announcement by New York State Attorney General Letitia James regarding the indictment of RCI executives, the stock price dropped by $5.53, or 16%, closing at $28.79 on September 16, 2025, and fell further by $2.99, or 10.38%, to $25.80 on September 17, 2025 [2]. Group 2: Class Action Participation - Shareholders interested in serving as lead plaintiffs in the class action must submit their papers by November 20, 2025, although participation is not required to be eligible for recovery [3]. - Individuals can choose to remain absent class members if they do not wish to take action [3]. Group 3: Legal Representation - All representation in the class action is on a contingency fee basis, meaning shareholders will not incur any fees or expenses [4]. - Robbins LLP, the firm leading the class action, has a history of advocating for shareholder rights and holding company executives accountable since 2002 [4].

Core Viewpoint - Rosen Law Firm has filed a class action lawsuit on behalf of purchasers of RCI Hospitality Holdings, Inc. securities for the period between December 15, 2021, and September 16, 2025, alleging that the defendants made materially false and misleading statements regarding the company's operations and legal risks [1][5]. Group 1: Lawsuit Details - The lawsuit claims that the defendants engaged in tax fraud and bribery to conceal this fraud, leading to an understatement of the legal risks faced by the company [5]. - Investors who purchased RCI Hospitality securities during the class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2][5]. - A lead plaintiff must move the Court by November 20, 2025, to represent other class members in the litigation [1][3]. Group 2: Rosen Law Firm's Background - Rosen Law Firm is recognized for its success in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time and being ranked No. 1 for the number of settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, securing over $438 million in 2019 alone [4].

Core Viewpoint - A securities class action has been filed against RCI Hospitality Holdings, Inc. following an indictment of its executives for multiple crimes, including conspiracy and tax fraud, which has led to significant investor losses [1][4][5] Legal Proceedings - The class action lawsuit, Hernandez v. RCI Hospitality Holdings, Inc., seeks to represent investors who purchased RCI securities between December 15, 2021, and September 16, 2025 [1][3] - The lead plaintiff deadline for the lawsuit is set for November 20, 2025 [3] Allegations - The indictment includes 79 counts against RCI and its executives, alleging bribery of a tax auditor to evade over $8 million in sales taxes from 2010 to 2024 [4] - RCI is accused of making false statements regarding its financial compliance and internal controls, failing to disclose significant legal risks [3][5] Market Reaction - Following the announcement of the indictment, RCI's share price dropped nearly 16% on September 16, 2025, indicating a severe market reaction to the news [5] Investigation - Hagens Berman, a national shareholders rights firm, is investigating whether RCI misled investors about its legal compliance and internal controls [2][5] - The firm encourages affected investors to report their losses and assist in the investigation [2][6]

NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed on behalf of investors who acquired RCI Hospitality Holdings, Inc. ("RCI†or the "Company†) (NASDAQ:RICK) securities during the period of December 15, 2021 through September 16, 2025, inclusive ("the Class Period†). If you suffered a loss on your RCI investments, you have until November 20, 2025 to request lead plaintiff appointment. Follow the link below for more information: [CO. ...

Core Insights - RCI Hospitality's operations are highly cash generative, prompting consideration for investment in its common stock [1] - The equity market serves as a mechanism for significant wealth creation or destruction over the long term [1] - Pacifica Yield focuses on long-term wealth creation by targeting undervalued high-growth companies, high-dividend stocks, REITs, and green energy firms [1]

Core Viewpoint - A securities class action lawsuit has been filed against RCI Hospitality Holdings, Inc. for alleged misconduct during the class period from December 15, 2021, to September 16, 2025 [1][2] Group 1: Allegations Against RCI Hospitality Holdings - The lawsuit alleges that the defendants engaged in tax fraud [2] - It is claimed that the defendants committed bribery to conceal the tax fraud [2] - The allegations suggest that the defendants understated the legal risks facing the company [2] - As a result of these actions, the defendants' statements regarding the company's business, operations, and prospects were materially false and misleading [2] Group 2: Investor Information - Investors who acquired RCI shares during the class period are encouraged to contact the law firm before the lead plaintiff motion deadline on November 20, 2025 [3] - The lead plaintiff will act on behalf of other class members in directing the litigation [3]

Core Viewpoint - A class action lawsuit has been filed against RCI Hospitality Holdings, Inc. for alleged tax fraud and bribery, impacting investors who acquired securities during the specified class period [2][3]. Group 1: Lawsuit Details - The lawsuit is filed in the United States District Court for the Southern District of Texas on behalf of all individuals and entities who purchased RCI securities between December 15, 2021, and September 16, 2025 [2]. - Investors have until November 20, 2025, to apply to the Court to be appointed as lead plaintiff in the lawsuit [2]. Group 2: Allegations - The lawsuit alleges that defendants made materially false and misleading statements and failed to disclose significant issues, including tax fraud and bribery to cover up the fraud [3]. - It is claimed that these actions resulted in an understatement of the legal risks facing the company, leading to misleading statements about its business operations and prospects [3]. Group 3: Next Steps for Investors - Investors who purchased RCI shares and suffered losses are encouraged to contact the law firm for more information regarding their rights and potential claims [4]. - The law firm offers consultations without cost or obligation to the investors [4].

Core Points - A shareholder class action lawsuit has been filed against RCI Hospitality Holdings, Inc. alleging materially false and misleading statements regarding the company's business and operations [1] - The lawsuit includes allegations of tax fraud, bribery to cover up tax fraud, and an understatement of the legal risks facing the company [1] Legal Context - Shareholders who purchased RCI shares between December 15, 2021, and September 16, 2025, and experienced significant losses are encouraged to discuss their legal rights [2] - The deadline to request appointment as lead plaintiff in the case is November 20, 2025 [3]

Core Viewpoint - Rosen Law Firm has filed a class action lawsuit on behalf of purchasers of RCI Hospitality Holdings, Inc. securities for the period between December 15, 2021, and September 16, 2025, alleging material misstatements and omissions related to tax fraud and bribery [1][5]. Group 1: Lawsuit Details - The lawsuit claims that defendants engaged in tax fraud and bribery to conceal this fraud, leading to understated legal risks for the company [5]. - Investors who purchased RCI Hospitality securities during the class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A lead plaintiff must move the Court by November 20, 2025, to represent other class members in the litigation [1][3]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time [4]. - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions for investors [4]. - In 2019, the firm secured over $438 million for investors, showcasing its effectiveness in representing investor rights [4].