Prnewswireยท2025-10-06 23:04Core Points - A class action lawsuit has been filed against RCI Hospitality Holdings, Inc. for alleged tax fraud and bribery [1][2] - The lawsuit claims that the company failed to disclose its involvement in tax fraud and bribery, which led to an understatement of legal risks [2] - Following the announcement of the indictment of company executives, RCI's stock price dropped significantly, falling 16% on September 16, 2025, and an additional 10.38% the following day [2] Summary by Sections Allegations - RCI Hospitality Holdings, Inc. is accused of engaging in tax fraud and bribery to conceal this fraud [2] - The New York State Attorney General announced the indictment of RCI executives for a multimillion-dollar tax fraud scheme [2] Stock Impact - On September 16, 2025, RCI's stock price fell by $5.53, or 16%, closing at $28.79 [2] - The following day, the stock price decreased by $2.99, or 10.38%, closing at $25.80 [2] Class Action Participation - Shareholders can participate in the class action and must submit their papers by November 20, 2025, to serve as lead plaintiff [3] - Shareholders are not required to participate in the case to be eligible for recovery [3]