RCI Hospitality Holdings, Inc. INVESTIGATION: Kirby McInerney LLP Announces Investigation Into Potential Securities Fraud on behalf of Investors (RICK)

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]