Core Viewpoint - RCI Hospitality Holdings, Inc. is under investigation for potential violations of federal securities laws, which may impact investor confidence and the company's stock performance [1]. Company Summary - The Law Offices of Howard G. Smith are representing investors of RCI Hospitality Holdings, Inc. (NASDAQ: RICK) who may have suffered financial losses [1]. - The investigation aims to determine if the company engaged in any unlawful activities that could have led to these losses [1].

Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of RCI Hospitality Holdings, Inc. due to allegations of materially misleading business information issued by the company [1] Summary by Relevant Sections - **Investigation Announcement**: Rosen Law Firm has announced an investigation into RCI Hospitality Holdings for potential securities claims [1] - **Allegations**: The investigation stems from allegations that RCI Hospitality Holdings may have provided misleading business information to the investing public [1] - **Shareholder Rights**: Shareholders who purchased RCI Hospitality Holdings securities may be entitled to compensation without any out-of-pocket fees [1]

Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against RCI Hospitality Holdings, Inc. due to allegations of violations of federal securities laws and unlawful business practices [1][2]. Investigation Details - The investigation centers on whether RCI issued false or misleading statements and failed to disclose important information to investors [2]. - A Reuters report indicated that RCI and five executives were indicted for their involvement in a 13-year bribery scheme to evade millions in New York sales taxes, leading to a share price drop of over 15.9% on the day of the news [2]. Next Steps - Investors who purchased RCI shares and experienced losses are encouraged to contact Bragar Eagel & Squire for more information regarding their rights and potential claims [3]. About the Law Firm - Bragar Eagel & Squire, P.C. is a nationally recognized law firm that represents individual and institutional investors in various types of litigation across the United States [4].

Core Points - RCI Hospitality Holdings, Inc. is under investigation for potential violations of federal securities laws and unlawful business practices [1] - New York's Office of the Attorney General indicted certain top executives of RCI, alleging bribery of an auditor to avoid over $8 million in sales taxes from 2010 to 2024 [3] - Following the indictment news, RCI's share price dropped by $5.53, approximately 16.11%, from $34.32 to $28.79 [3] Company Overview - RCI Hospitality Holdings, Inc. trades on NASDAQ under the ticker RICK [1] - The company is facing serious legal challenges that could impact its financial standing and reputation [1][3] Legal Context - The investigation is being conducted by Kirby McInerney LLP, a law firm specializing in securities litigation [1][6] - The firm has a history of recovering billions of dollars for shareholders in similar cases [6]

Core Viewpoint - RCI Hospitality Holdings, Inc. experienced a significant decline in share price, nearly 16%, following a Grand Jury indictment by the New York Attorney General, which accused the company and its executives of multiple crimes, including bribery and tax fraud [1][4][7]. Group 1: Legal Issues - The New York Attorney General filed 79 charges against RCI and its executives, including CEO Eric Langan and CFO Bradley Chhay, related to bribery and conspiracy concerning tax audits of RCI-owned strip clubs [4][5]. - The indictment alleges that RCI attempted to influence a tax auditor to avoid penalties for unpaid sales taxes through various forms of remuneration [6]. Group 2: Investor Reaction - Following the indictment news, RCI's share price dropped almost 16%, indicating a severe market reaction to the legal developments [1][7]. - Hagens Berman, a national shareholders rights firm, has initiated an investigation into whether RCI misled investors regarding its compliance with laws and internal controls [2][3][7]. Group 3: Investigation Focus - The investigation by Hagens Berman is centered on RCI's assurances about the compliance of its financial statements with accounting rules and the adequacy of its internal controls over financial reporting [3][7]. - The firm is encouraging investors who suffered losses to come forward and assist in the investigation [2][7].

Core Viewpoint - Johnson Fistel, PLLP is investigating potential claims on behalf of investors of RCI Hospitality Holdings, Inc. due to possible violations of federal securities laws, which may allow investors to recover losses from alleged misconduct by the company and its executives [1] Company Summary - On September 16, 2025, the New York Attorney General announced 79 charges against RCI Hospitality Holdings, five of its executives, and three of its Manhattan-based strip clubs, including conspiracy, bribery, and criminal tax fraud related to an alleged decade-long scheme to bribe a government tax auditor to avoid over $8 million in sales tax [3] - The indictment claims that RCI executives provided the auditor with trips, cash, and other benefits in exchange for favorable settlements on sales tax audits, with one instance reducing a $3 million tax liability to just $350,000 [3] - Following the announcement of the charges, RCI Hospitality's shares fell as much as 16% during regular trading, reaching their lowest level in over five years, and declined an additional 4.5% in after-hours trading [3]

Market Overview - DJIA increased by 271 points or 0.59% to reach 46,029, while Nasdaq decreased by 76 points or 0.34% to 22,257, and S&P 500 traded at 6,603, down 3 points or 0.05% [2][4] - Anticipation of a 0.25 percentage point interest rate cut by the Federal Reserve is influencing market movements, with traders closely monitoring for indications of further cuts [4][5] Company Highlights - Workday saw a significant gain of 6.9% after Elliott Investment Management acquired a stake exceeding $2 billion and expressed support for the company's management, alongside an expansion of its share buyback program to $4 billion [2][4] - General Mills experienced a decline of 1.9% despite reporting higher-than-expected profits for the latest quarter, with revenue meeting forecasts [2][4] - RCI Hospitality Holdings fell by 10.2% following accusations of bribery and other crimes by New York's attorney general, impacting its operations in the strip club and sports bar sectors [3][4] Upcoming Events - Online ticket marketplace StubHub is set to debut on the New York Stock Exchange under the ticker "STUB," with shares priced at $23.50 in its initial public offering [3][4] Economic Indicators - Japan's Nikkei 225 index decreased by 0.2% as exports to the U.S. fell by 13.8% in August compared to the previous year, attributed to tariffs on cars [5] - The yield on the 10-year Treasury bond slightly decreased to 4.02% from 4.04% [5]

Group 1 - RCI Hospitality Holdings, Inc. is currently under investigation for potential fraud, providing an opportunity for investors to join the legal proceedings initiated by the Schall Law Firm [1] - The investigation may involve allegations of misleading statements or actions that could have impacted the company's stock performance [1] - Investors are encouraged to participate in the investigation to seek potential recovery of losses incurred due to the alleged fraud [1]

Core Viewpoint - RCI Hospitality Holdings, Inc. is currently under investigation for potential securities fraud violations, which may have significant implications for the company's operations and investor confidence [1] Company Summary - The investigation is being conducted by the DJS Law Group, indicating potential legal challenges ahead for RCI Hospitality Holdings, Inc. [1]

Core Points - A company, RCI Hospitality Holdings, and several of its executives have been charged with bribing a government official to evade over $8 million in sales taxes owed to New York City and the state of New York [1][2][9] - The alleged bribery scheme involved providing free trips and spending money to a New York state tax auditor from 2010 to 2024, in exchange for favorable treatment during tax audits [2][8] - A grand jury indictment has been unsealed, charging RCI, five executives, and three clubs in Manhattan with conspiracy, bribery, tax fraud, and other crimes [3][4] Company Overview - RCI Hospitality Holdings is publicly traded on the Nasdaq and operates over 60 clubs, sports bars, and restaurants across the United States, including multiple Rick's Cabaret locations in major cities [3] - The company also owns two additional businesses in Manhattan [3] Legal Proceedings - The indictment includes 79 counts against RCI and its executives, with specific allegations that they used their clubs to facilitate bribery to avoid tax liabilities [3][4] - RCI's legal representation has stated that the allegations are baseless and that the company intends to contest the charges in court [5][6] Allegations of Bribery - Prosecutors allege that RCI provided the auditor with at least 13 complimentary trips to Florida and up to $5,000 per day for private dances at RCI clubs, covering additional expenses such as hotels and restaurants [8] - The company is accused of failing to pay over $8 million in sales taxes related to "dance dollars," which are purchased by customers for private dances, and of receiving significantly reduced tax liabilities due to the alleged bribery [9]