Core Viewpoint - Italian tax police are seizing assets worth 1.29 billion euros ($1.5 billion) from Lagfin, a Luxembourg-based holding company, as part of a fraud investigation related to tax evasion allegations against the company [1][2]. Company Summary - Lagfin is the controlling shareholder of Campari Group, which is a major player in the premium spirits industry, founded in 1860 [1][2]. - Campari Group owns several well-known brands, including its namesake red aperitif, Aperol, Grand Marnier, tequilas, and various American bourbons [3]. - Lagfin holds more than 80% of Campari's voting rights and claims that the seizure will not affect its position as the controlling shareholder [2]. Investigation Details - The investigation was initiated following a tax audit after Lagfin absorbed its Italian subsidiary, leading to allegations of tax evasion [2]. - Lagfin has stated that the investigation is linked to a tax dispute that began approximately two years ago and has not involved Campari Group directly [2]. - Lagfin asserts that it has always complied with applicable laws and regulations, including Italian tax laws, and plans to defend itself vigorously [2].

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].

Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In RCI (RICK) To Contact Him Directly To Discuss Their Options If you purchased or acquired securities in RCI between December 15, 2021 and September 16, 2025 and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Walker or Marion Passmore directly at (212) 355-4648. Click here to participate in the action. NEW YORK, Oct. 21, 2025 (GLOBE NEWSWIRE) -- What’s Happening: Brag ...

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 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 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]

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].