Globenewswireยท2025-10-17 00:00Core Viewpoint - RCI Hospitality Holdings, Inc. is facing a federal securities class action due to allegations of tax fraud and bribery involving its executives, with a significant decline in share price following the announcement of the indictment [4][5]. Group 1: Allegations and Legal Action - On September 16, 2025, 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 [4]. - The lawsuit is on behalf of investors who purchased RCI securities from December 15, 2021, to September 16, 2025, claiming that the defendants made false statements and failed to disclose tax fraud and bribery [5]. Group 2: Financial Impact - Following the indictment news, RCI's share price dropped by $5.53, approximately 16.11%, from $34.32 on September 15, 2025, to $28.79 on September 16, 2025 [4].