Globenewswire·2025-10-30 22:00Core Viewpoint - RCI Hospitality Holdings is facing a securities fraud class action lawsuit following allegations of bribery and tax fraud involving its executives, which has led to a significant decline in its stock price [3][4]. Group 1: Allegations and Impact - On September 16, 2025, New York's Office of the Attorney General indicted RCI executives for allegedly bribing an auditor to evade over $8 million in sales taxes from 2010 to 2024 [3]. - Following the announcement, RCI's share price dropped by $5.53, approximately 16.11%, from $34.32 to $28.79 [3]. Group 2: Lawsuit Details - The class action lawsuit is on behalf of investors who purchased RCI securities from December 15, 2021, to September 16, 2025, alleging that the company made false statements and failed to disclose tax fraud and bribery [4]. - The lawsuit claims that the defendants understated the legal risks associated with the company's actions [4].