Core Viewpoint - RCI Hospitality Holdings, Inc. is facing legal challenges due to allegations of tax fraud and bribery, which have significantly impacted its stock price [2][3]. Group 1: Legal Issues - RCI is accused of engaging in tax fraud and bribery to conceal this fraud, leading to an understatement of the legal risks facing the company [2]. - On September 16, 2025, New York State Attorney General Letitia James announced indictments against RCI executives for a multimillion-dollar tax fraud scheme and bribery of a state tax auditor [3]. Group 2: Stock Price Impact - Following the announcement of the indictments, RCI's stock price dropped by $5.53 per share, or 16%, closing at $28.79 on September 16, 2025 [3]. - The stock continued to decline the next day, falling an additional $2.99, or 10.38%, to close at $25.80 per share on September 17, 2025 [3].
Shareholders who lost money in shares of RCI Hospitality Holdings, Inc. (NASDAQ: RICK) Should Contact Wolf Haldenstein Immediately