Core Insights - Holzer & Holzer, LLC is investigating RCI Hospitality Holdings, Inc. for potential violations of federal securities laws following the indictment of top executives for allegedly bribing an auditor to evade over $8 million in sales taxes from 2010 to 2024 [1] - The announcement of the indictment has led to a decline in RCI's stock price [1] Company Overview - RCI Hospitality Holdings, Inc. trades on NASDAQ under the ticker RICK [1] - The company is currently facing legal scrutiny due to allegations of corporate misconduct involving bribery [1] Legal Context - The New York Office of the Attorney General has initiated an investigation into RCI's executives, highlighting serious allegations of bribery related to tax evasion [1] - Holzer & Holzer, LLC is a law firm known for representing shareholders and investors in securities litigation, indicating a potential class action or derivative litigation against RCI [3]
INVESTOR ALERT: Investigation of RCI Hospitality Holdings, Inc. (RICK) Announced by Holzer & Holzer, LLC