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Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against RCI Hospitality Holdings, Inc. (RICK)
Globenewswire· 2025-09-22 17:07
Core Viewpoint - A securities class action lawsuit has been filed against RCI Hospitality Holdings, Inc. for alleged misconduct during the class period from December 15, 2021, to September 16, 2025 [1][2] Group 1: Allegations Against RCI Hospitality Holdings - The lawsuit alleges that the defendants engaged in tax fraud [2] - It is claimed that the defendants committed bribery to conceal the tax fraud [2] - The allegations suggest that the defendants understated the legal risks facing the company [2] - As a result of these actions, the defendants' statements regarding the company's business, operations, and prospects were materially false and misleading [2] Group 2: Investor Information - Investors who acquired RCI shares during the class period are encouraged to contact the law firm before the lead plaintiff motion deadline on November 20, 2025 [3] - The lead plaintiff will act on behalf of other class members in directing the litigation [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].
Tom Homan investigated for accepting $50,000 from undercover FBI agents
MSNBC· 2025-09-22 15:49
Welcome back. A stunning report about one of the most high-profile members of the Trump administration. MSNBC was first to report that Tom Holman, President Trump's Border, was allegedly recorded accepting $50,000 in a bribe from undercover FBI agents last September, telling those agents who were posing as business executives that he could get them government contracts in a second Trump administration.That's according to multiple people familiar with the probe and internal documents reviewed by MSNBC. Now, ...
‘Astonishing’: Trump DOJ shut down investigation into Homan accepting $50k in bribery probe
MSNBC· 2025-09-21 15:57
Investigation & Justice Department - The FBI recorded Tom Homan accepting $50,000 in cash, suggesting he could help business executives win contracts in a potential second Trump administration [2][4] - Trump appointees reportedly closed the investigation after FBI director Cash Patel requested a status update [2] - The White House, Justice Department, and FBI dismissed the investigation as politically motivated and baseless [3] - Congressman Jamie Raskin stated the FBI had an undercover operation where Homan accepted $50,000 in exchange for a promise to steer contracts [4] - Pam Bondi and Cash Patel decided to close down the investigation, claiming there was no basis for it [6] Political Interference & Public Statements - President Trump urged Pam Bondi to prosecute his rivals on Truth Social [6][7] - Trump publicly pressured Pam Bondi to take action against his rivals, raising concerns about potential political interference in prosecutions [7][8] - Trump's actions are potentially undermining any legitimate prosecution by demonstrating selective criminal investigation and prosecution [12] First Amendment & Media - FCC Chair Brendan Carr discussed the suspension of Jimmy Kimmel and the public interest obligation of broadcasters [13][14] - Congressman Raskin argued that defining the public interest as agreeing with Donald Trump contradicts the First Amendment [15][16] - Raskin characterized actions against individuals based on their viewpoints as blatant viewpoint discrimination [16]
Tom Homan investigated for accepting $50,000 from undercover FBI agents. Trump's DOJ shut it down.
MSNBC· 2025-09-20 23:55
[Music] MSNBC is reporting tonight Trump's Department of Justice shut down an investigation into Tom Hman. According to people familiar, multiple people familiar with the probe and internal documents reviewed by MSNBC. In an undercover operation last year, the FBI recorded Homeman, now the White House borders are accepting $50,000 in cash after indicating he would help agents who were posing as business executives win government contracts in a second Trump term.It's unclear what reasons FBI and DOJ official ...
X @Elon Musk
Elon Musk· 2025-09-19 19:06
RT Global Government Affairs (@GlobalAffairs)X has exposed and is taking strong action against a bribery network targeting our platform. Suspended accounts involved in crypto scams and platform manipulation paid middlemen to attempt to bribe employees to reinstate their suspended accounts. These perpetrators exploit social media platforms like Instagram, TikTok, YouTube, Minecraft, and Roblox and are linked to wider criminal organizations, including “The Com.” Legal proceedings are underway against particip ...
X @Bloomberg
Bloomberg· 2025-09-18 10:58
A former senior parliamentary official in Vietnam has been sentenced to over five years in jail in a corruption case linked to a construction company accused of bribing its way into winning deals https://t.co/HxIMURBt2Q ...
X @BBC News (World)
BBC News (World)· 2025-09-18 03:46
Controversial church leader denies bribing ex-South Korea first lady https://t.co/rc2xZd11E2 ...
RCI Hospitality Holdings (RICK) Stock Slides On Executive Indictments: What Investors Need To Know
Benzinga· 2025-09-16 20:14
Core Viewpoint - RCI Hospitality Holdings Inc is facing a 79-count indictment related to an alleged multimillion-dollar tax fraud and bribery scheme involving the company, its executives, and its Manhattan strip clubs [1][4]. Summary by Sections Allegations and Charges - From 2010 to 2024, RCI executives allegedly bribed a New York state tax auditor to evade over $8 million in sales taxes, using cash, free trips, and entertainment at company-owned clubs, falsely recorded as "promotional" expenses [2]. - The company is accused of failing to pay sales tax on its in-house currency, "Dance Dollars" [2]. - Key executives indicted include CEO Eric Langan and CFO Bradley Chhay, facing charges of conspiracy, bribery, and criminal tax fraud [3]. Investigation Findings - The investigation revealed that Langan personally supervised negotiations with the auditor and approved bribe payments [3]. - The auditor reportedly received at least 13 complimentary trips to Florida, with payments of up to $5,000 per day for private dances at RCI clubs [3]. Impact on Stock - Following the indictment news, RICK shares closed down 15.94% at $28.79, with a 52-week high of $61.66 and a low of $28.00 [5].