Globenewswire·2025-10-01 17:18Core Viewpoint - RCI Hospitality Holdings, Inc. is facing a class action lawsuit due to allegations of corporate wrongdoing involving bribery of an auditor to evade over $8 million in sales taxes, leading to a significant drop in stock price [1][3]. Legal Action - A class action has been initiated for investors who purchased RCI securities between December 15, 2021, and September 16, 2025, with a deadline for filing a lead plaintiff motion set for November 20, 2025 [1]. - Investors are encouraged to contact the Portnoy Law Firm for legal rights discussions and case evaluations [2]. Corporate Wrongdoing - The New York Attorney General's office indicted RCI executives for allegedly bribing an auditor to avoid paying sales taxes from 2010 to 2024, which has raised serious concerns about corporate governance [3]. - Following the indictment news, RCI's stock price plummeted by $25.80 per share, representing a 24.83% decrease, closing at $25.80 on September 17, 2025 [3]. Firm Background - The Portnoy Law Firm specializes in representing investors in claims related to corporate misconduct and has a track record of recovering over $5.5 billion for affected investors [4].