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].

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].