Globenewswire·2025-09-24 18:08Core Viewpoint - RCI Hospitality Holdings, Inc. is under investigation for potential securities fraud and unlawful business practices following allegations of bribery involving tax auditors, leading to a significant drop in stock price [1][3]. Group 1: Investigation and Allegations - Pomerantz LLP is investigating claims on behalf of RCI investors regarding possible securities fraud or unlawful business practices by the company and its executives [1]. - The New York Attorney General's office indicted certain top executives of RCI, alleging they bribed an auditor to evade over $8 million in sales taxes from 2010 to 2024 [3]. Group 2: Market Reaction - Following the news of the indictment, RCI's stock price fell by $25.80 per share, representing a decline of 24.83%, closing at $25.80 per share on September 17, 2025 [3].