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INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in RCI Hospitality Holdings, Inc. of Class Action Lawsuit and Upcoming Deadlines - RICK

Prnewswire· 2025-10-03 16:45
Group 1 - A class action lawsuit has been filed against RCI Hospitality Holdings, Inc. (NASDAQ: RICK) [1] - Investors are encouraged to contact Danielle Peyton for more information regarding the lawsuit [1] - The announcement was made on October 3, 2025 [1]
Portnoy Law Firm Announces Class Action on Behalf of RCI Hospitality Holdings, Inc. Investors
Globenewswire· 2025-10-01 17:18
Core Viewpoint - RCI Hospitality Holdings, Inc. is facing a class action lawsuit due to allegations of corporate wrongdoing involving bribery of an auditor to evade over $8 million in sales taxes, leading to a significant drop in stock price [1][3]. Legal Action - A class action has been initiated for investors who purchased RCI securities between December 15, 2021, and September 16, 2025, with a deadline for filing a lead plaintiff motion set for November 20, 2025 [1]. - Investors are encouraged to contact the Portnoy Law Firm for legal rights discussions and case evaluations [2]. Corporate Wrongdoing - The New York Attorney General's office indicted RCI executives for allegedly bribing an auditor to avoid paying sales taxes from 2010 to 2024, which has raised serious concerns about corporate governance [3]. - Following the indictment news, RCI's stock price plummeted by $25.80 per share, representing a 24.83% decrease, closing at $25.80 on September 17, 2025 [3]. Firm Background - The Portnoy Law Firm specializes in representing investors in claims related to corporate misconduct and has a track record of recovering over $5.5 billion for affected investors [4].
Levi & Korsinsky Notifies RCI Hospitality Holdings, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline - RICK
Prnewswire· 2025-10-01 12:45
Core Viewpoint - A class action securities lawsuit has been filed against RCI Hospitality Holdings, Inc. alleging securities fraud that affected investors between December 15, 2021, and September 16, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that the defendants engaged in tax fraud and bribery to conceal this fraud, leading to an understatement of legal risks for the company [3]. - It is alleged that the defendants' statements regarding the company's business, operations, and prospects were materially false and misleading [3]. Group 2: Investor Information - Investors who suffered losses during the specified timeframe have until November 20, 2025, to request to be appointed as lead plaintiff, although participation does not require serving in this role [4]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [4]. Group 3: Legal Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [5].
ROSEN, A LEADING AND LONGSTANDING FIRM, Encourages RCI Hospitality Holdings, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm – RICK
Globenewswire· 2025-09-30 19:50
Core Viewpoint - Rosen Law Firm is reminding investors who purchased RCI Hospitality Holdings, Inc. securities between December 15, 2021, and September 16, 2025, about the upcoming lead plaintiff deadline for a securities class action lawsuit [1]. Group 1: Class Action Details - Investors who purchased RCI Hospitality securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and those wishing to serve as lead plaintiff must act by November 20, 2025 [3]. - The lawsuit alleges that defendants made materially false and misleading statements, engaged in tax fraud, and committed bribery to cover up the fraud, which resulted in understated legal risks for RCI Hospitality [5]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions, highlighting its own achievements, including the largest securities class action settlement against a Chinese company at the time [4]. - The firm has been ranked No. 1 for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions of dollars for investors [4].
The Gross Law Firm Notifies RCI Hospitality Holdings, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline – RICK
Globenewswire· 2025-09-29 20:18
NEW YORK, Sept. 29, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of RCI Hospitality Holdings, Inc. (NASDAQ: RICK). Shareholders who purchased shares of RICK during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/rci-hospitality-holdings-inc-loss-submission-form/?id=169644&from= ...
ROSEN, HIGHLY REGARDED INVESTOR COUNSEL, Encourages RCI Hospitality Holdings, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm – RICK
Globenewswire· 2025-09-27 23:13
Core Viewpoint - Rosen Law Firm is reminding investors who purchased RCI Hospitality Holdings, Inc. securities between December 15, 2021, and September 16, 2025, about the upcoming lead plaintiff deadline for a securities class action lawsuit [1]. Group 1: Class Action Details - Investors who purchased RCI Hospitality securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and those wishing to serve as lead plaintiff must act by November 20, 2025 [3]. - The lawsuit alleges that defendants made materially false and misleading statements, engaged in tax fraud, and committed bribery to cover up the fraud, which resulted in understated legal risks for RCI Hospitality [5]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions, highlighting its own achievements, including the largest securities class action settlement against a Chinese company at the time [4]. - The firm has been ranked No. 1 for securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions of dollars for investors [4]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in handling such cases [4].
Rogers CEO says private investors are showing interest in its sports biz - report (RCI:NYSE)
Seeking Alpha· 2025-09-26 15:16
Private investors are showing interest in taking a stake in Rogers Communications' (NYSE:RCI) sports and entertainment business, Bloomberg reported on Friday, citing the company's CEO, amid consideration for public listing of the sports assets. Rogers, which has increased its ownership of ...
Rogers Communications (NYSE:RCI) FY Conference Transcript
2025-09-25 14:47
Summary of Rogers Communications FY Conference Call Company Overview - **Company**: Rogers Communications (NYSE: RCI) - **Date of Conference**: September 25, 2025 Key Points Industry Insights - The Canadian wireless pricing environment is stabilizing, with flanker and fighter brand pricing increasing by double digits [2] - The market is competitive but more stable compared to previous years, with less heavy discounting observed [2] - Subscriber growth in the sector is projected to be around 3%, translating to nearly 1 million new customers [3] Customer Retention and Churn Management - Rogers is focusing on reducing churn, reporting improvements in churn rates compared to previous years [3] - Initiatives such as add-a-line promotions and bundling services (wireless and broadband) are being employed to enhance customer relationships and reduce churn [7][9] - The Rogers Bank credit card program is contributing to customer loyalty through discounts that exceed competitors' offerings [8] Wireline and Wireless Integration - The acquisition of Shaw has expanded Rogers' wireline market presence, allowing for coast-to-coast bundling of services [4] - Fixed wireless capabilities are being utilized effectively in regions where Rogers lacks a wireline footprint, particularly in Quebec and parts of Ontario [10] Financial Performance and Margins - Cable margins are currently at 58%, with expectations to reach 59% again, while wireless margins are around 64% to 66% [12] - The company is focused on driving growth in subscribers, revenues, and free cash flow while maintaining capital efficiency [12] MLSE Acquisition and Future Plans - Rogers has acquired a 75% stake in MLSE and is in discussions to buy out the remaining 25% stake held by a minority partner [15][17] - The integration of MLSE is expected to create significant cost and revenue synergies, particularly in live entertainment and sponsorship opportunities [20] - The combined value of MLSE and Rogers Sports & Media is estimated to be around CAD 20 billion, with potential for substantial growth [25] Leverage and Debt Management - Current leverage is approximately four times, with efforts to reduce it through capital deployment and asset sales [26] - The company aims to maintain a leverage ratio of around 3.9 to 4 times by year-end [28] Market Conditions and Asset Sales - The real estate market remains soft, and Rogers is not aggressively pursuing asset sales but is open to trimming surplus real estate holdings [30] - The focus remains on the MLSE transaction as the largest opportunity for capital monetization [30] Conclusion - Rogers Communications is strategically positioning itself in a stabilizing Canadian wireless market while focusing on customer retention, financial efficiency, and leveraging its recent acquisitions to drive future growth and profitability [2][3][12][25]
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of RCI Hospitality Holdings, Inc. – RICK
Globenewswire· 2025-09-24 18:08
Core Viewpoint - RCI Hospitality Holdings, Inc. is under investigation for potential securities fraud and unlawful business practices following allegations of bribery involving tax auditors, leading to a significant drop in stock price [1][3]. Group 1: Investigation and Allegations - Pomerantz LLP is investigating claims on behalf of RCI investors regarding possible securities fraud or unlawful business practices by the company and its executives [1]. - The New York Attorney General's office indicted certain top executives of RCI, alleging they bribed an auditor to evade over $8 million in sales taxes from 2010 to 2024 [3]. Group 2: Market Reaction - Following the news of the indictment, RCI's stock price fell by $25.80 per share, representing a decline of 24.83%, closing at $25.80 per share on September 17, 2025 [3].
RCI ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against RCI Hospitality Holdings, Inc. and Encourages Investors to Contact the Firm
Globenewswire· 2025-09-22 16:25
Core Viewpoint - A class action lawsuit has been filed against RCI Hospitality Holdings, Inc. for alleged tax fraud and bribery, impacting investors who acquired securities during the specified class period [2][3]. Group 1: Lawsuit Details - The lawsuit is filed in the United States District Court for the Southern District of Texas on behalf of all individuals and entities who purchased RCI securities between December 15, 2021, and September 16, 2025 [2]. - Investors have until November 20, 2025, to apply to the Court to be appointed as lead plaintiff in the lawsuit [2]. Group 2: Allegations - The lawsuit alleges that defendants made materially false and misleading statements and failed to disclose significant issues, including tax fraud and bribery to cover up the fraud [3]. - It is claimed that these actions resulted in an understatement of the legal risks facing the company, leading to misleading statements about its business operations and prospects [3]. Group 3: Next Steps for Investors - Investors who purchased RCI shares and suffered losses are encouraged to contact the law firm for more information regarding their rights and potential claims [4]. - The law firm offers consultations without cost or obligation to the investors [4].