Core Viewpoint - RCI Hospitality Holdings, Inc. is facing a securities fraud class action lawsuit due to allegations of tax fraud and bribery involving its executives, which has resulted in a significant drop in its stock price [2][3][4]. Summary by Sections Company Overview - RCI Hospitality Holdings, Inc. (NASDAQ: RICK) is under scrutiny following the indictment of its top executives for involvement in a multimillion-dollar criminal tax fraud and bribery scheme [2]. Legal Proceedings - A class action lawsuit has been filed on behalf of investors who acquired RCI securities between December 15, 2021, and September 16, 2025, with a deadline of November 20, 2025, to participate as a lead plaintiff [1][5]. Allegations - The lawsuit alleges that RCI's executives made materially false and misleading statements and failed to disclose significant adverse facts about the company's operations, including: 1. Engagement in tax fraud 2. Bribery to conceal tax fraud 3. Understated legal risks facing the company 4. Misleading positive statements regarding the company's business and prospects [4]. Market Impact - Following the announcement of the indictments on September 16, 2025, RCI's stock price fell by $5.53, or 15.9%, closing at $28.79, which has adversely affected investors [3].
Deadline Soon: RCI Hospitality Holdings, Inc. (RICK) Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz About Securities Fraud Lawsuit