Core Viewpoint - RCI Hospitality Holdings Inc. is undergoing significant management changes amid ongoing legal and regulatory challenges, including a recent $30 million stock buyback from a major shareholder [1][3]. Management Changes - CEO Eric Langan and CFO Bradley Chhay are stepping down, with Travis Reese and Albert Molina appointed as interim CEO and CFO, respectively [2]. - Langan will remain on the board, while Chhay will continue to be employed by the company [2]. Stock Buyback Details - The company announced a $30 million stock buyback to acquire 821,000 shares from hedge fund ADW Capital Partners at a 50% premium, paying $36.54 per share compared to the current market price of $24.36 [3][4]. - The buyback includes $8 million in cash and $22 million in two-year seller financing at 12% [4]. Legal Issues - RCI Hospitality and five executives face indictments for multi-million dollar tax fraud and bribery, including allegations of bribing a New York state tax auditor to evade over $8 million in sales taxes [6]. - The company has experienced significant scrutiny, including a destructive fire at one of its nightclub locations and raids at its offices [6]. Stock Performance - The stock has declined 74.52% since its all-time high in January 2023, with a year-to-date decline of 57.61% amid increasing legal concerns [6]. - Following the management change announcement, shares fell by 1.10%, closing at $24.36 [6].

Israel’s Prime Minister Benjamin Netanyahu has submitted a request for a pardon from charges of bribery, fraud and breach of trust https://t.co/sDKPcpEByN ...

Core Viewpoint - A class action securities lawsuit has been filed against RCI Hospitality Holdings, Inc. alleging securities fraud affecting 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 the legal risks faced by 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 in any recovery does not require serving as a lead plaintiff [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].

Core Viewpoint - A class action securities lawsuit has been filed against RCI Hospitality Holdings, Inc. alleging securities fraud affecting 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 the legal risks faced by 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].

Tonight, a bombshell rocking the baseball world with an explosive new indictment unsealed today charging two Cleveland Guardians pitchers in connection with an alleged betri rigging scheme. >> I think it's huge. First reaction was shock.>> Prosecutors say Emmanuel Class and Luis Ortiz intentionally threw balls instead of strikes on certain pitches in exchange for bribes or kickbacks from sports betterers. The US Attorney's Office for the Eastern District of New York saying it started as early as May 2023 fi ...

Political Landscape - The trial of Prime Minister Benjamin Netanyahu on bribery, fraud, and breach of trust charges has significantly impacted Israel [1]

Core Viewpoint - A class action securities fraud lawsuit has been filed against RCI Hospitality Holdings, Inc. to recover losses incurred by shareholders due to alleged fraudulent activities between December 15, 2021, and September 16, 2025 [2][3]. Group 1: Lawsuit Details - The lawsuit alleges that RCI Hospitality Holdings, Inc. engaged in tax fraud and bribery to conceal this fraud, leading to an understatement of legal risks and materially false statements regarding the company's business and operations [3]. Group 2: Next Steps for Affected Shareholders - Shareholders who suffered losses during the specified timeframe are encouraged to seek information on their rights to recovery, with no cost or obligation to participate [4]. Group 3: Legal Representation - Levi & Korsinsky LLP, a recognized securities litigation firm, is representing the case and has a strong track record of securing significant recoveries for shareholders [5].

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, failed to disclose tax fraud, and committed 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 and operations [3]. Group 3: Next Steps for Investors - Investors who suffered losses and are interested in learning more about the claims or have questions are encouraged to contact the law firm directly [4].

Political Commentary & Potential Legal Implications - Trump praised the Egyptian president, referring to him as a friend since the 2016 campaign against Hillary Clinton [2][3][10][18] - Allegations suggest a potential $10 million cash transfer from an organization linked to Egyptian Intelligence to Trump's 2016 campaign [12][13][15] - The Justice Department reportedly investigated the $10 million transfer but the investigation was shut down [11][17] Financial Transactions & Campaign Finance - Trump's campaign was reportedly short on funds in 2016, leading to a $10 million loan to his campaign [7][13][14] - An organization linked to Egyptian Intelligence allegedly withdrew almost exactly $10 million in cash from the National Bank of Egypt shortly before Trump's inauguration [15] - The cash withdrawal involved bundles of $100 bills weighing approximately 200 pounds [15] US-Egypt Relations - Trump called the Egyptian president his "favorite dictator" during his 2016 campaign [1][5] - After being elected, Trump made the Egyptian president one of his first White House guests and praised him [8] - Trump approved nearly $200 million and later over $1 billion in aid to Egypt, despite opposition from his own State Department [9]

Insult to injury, the billion dollar loan guarantee Biden used to bribe and extort Ukraine into firing the prosecutor investigating his son’s business was a USAID grant 👇 https://t.co/uvZ4P3QCNqDC_Draino (@DC_Draino):Biden used $1 billion in American tax dollars as leverage to get a prosecutor to stop investigating his son’s bribery schemeTrump was going to expose it so they impeached himArrest everyone involved in the coverup https://t.co/5bVeB4Rp0X ...