The inaugural Hotel Icons List celebrates enduring luxury properties more than a century old from Colorado to Cannes. https://t.co/xxbhNsEnT0📸: The Broadmoor, Park Hotel Vitznau https://t.co/Cus1JpDJwy ...

Core Points - Class actions have been initiated on behalf of stockholders of RCI Hospitality Holdings, Inc. and Fortinet, Inc. [1] - Investors have specific deadlines to petition the court to serve as lead plaintiff in these cases [1] RCI Hospitality Holdings, Inc. (NASDAQ:RICK) - The class period for the RCI lawsuit is from December 15, 2021, to September 16, 2025 [7] - Allegations include tax fraud, bribery to cover up tax fraud, and misleading statements regarding the company's legal risks and business operations [7] Fortinet, Inc. (NASDAQ:FTNT) - The class period for the Fortinet lawsuit is from November 8, 2024, to August 6, 2025 [7] - Allegations include misrepresentation of the refresh cycle's profitability, lack of clarity on the number of FortiGate firewalls eligible for upgrades, and misleading statements about the impact of the refresh on business [7] - Following the earnings call on August 6, 2025, Fortinet's stock price fell over 22% due to the revelation of these issues [7]

Core Viewpoint - RCI Hospitality Holdings, Inc. is facing a securities fraud class action lawsuit due to allegations of tax fraud and bribery involving its executives, which has resulted in a significant drop in its stock price [2][3][4]. Summary by Sections Company Overview - RCI Hospitality Holdings, Inc. (NASDAQ: RICK) is under scrutiny following the indictment of its top executives for involvement in a multimillion-dollar criminal tax fraud and bribery scheme [2]. Legal Proceedings - A class action lawsuit has been filed on behalf of investors who acquired RCI securities between December 15, 2021, and September 16, 2025, with a deadline of November 20, 2025, to participate as a lead plaintiff [1][5]. Allegations - The lawsuit alleges that RCI's executives made materially false and misleading statements and failed to disclose significant adverse facts about the company's operations, including: 1. Engagement in tax fraud 2. Bribery to conceal tax fraud 3. Understated legal risks facing the company 4. Misleading positive statements regarding the company's business and prospects [4]. Market Impact - Following the announcement of the indictments on September 16, 2025, RCI's stock price fell by $5.53, or 15.9%, closing at $28.79, which has adversely affected investors [3].

Core Insights - Adani Enterprises has successfully secured approval from creditors for its takeover proposal of Jaiprakash Associates, a bankrupt infrastructure firm, although the bid value has not been disclosed [1][5] - The acquisition will grant Adani control over Jaiprakash Associates' diverse business operations, which reported revenues exceeding ₹6,500 crore and assets over ₹35,000 crore for FY25 [1][5] Group 1: Acquisition Details - Adani will acquire 3,985 acres of land in Noida and Greater Noida, 6.5 million tonnes of cement capacity in Madhya Pradesh and Uttar Pradesh, and a 24% stake in Jaiprakash Power Ventures [2] - The acquisition also includes a hospitality business with 867 rooms across five hotels in Delhi, Agra, and Mussoorie, along with construction and fertilizer plants [2] Group 2: Competitive Landscape - Adani Enterprises outbid four other competitors, including Vedanta Ltd, Dalmia Bharat, Jindal Power, and PNC Infratech, to take over Jaiprakash Associates under the corporate insolvency resolution process [2][6] - Vedanta had previously bid an enterprise value of ₹17,000 crore for Jaiprakash Associates but ultimately lost to Adani's proposal, which garnered the most support during the voting process [6] Group 3: Financial Aspects - Adani's resolution plan includes a total value exceeding ₹14,500 crore, comprising ₹6,000 crore as an upfront payment and an additional ₹7,600 crore payable after two years [6] - The net present value of Adani's offer is estimated at ₹12,000 crore, indicating a competitive financial strategy compared to other bids [6] Group 4: Regulatory Process - Following the approval from creditors, Adani Enterprises must now obtain regulatory approvals, including from the National Company Law Tribunal (NCLT) in Allahabad, to finalize the acquisition [7]

Core Viewpoint - Rosen Law Firm has initiated a class action lawsuit against Perrigo Company plc, alleging that the company misled investors regarding its business operations and financial health during the specified Class Period from February 27, 2023, to November 4, 2025 [1][2]. Allegations - The lawsuit claims that Perrigo's infant formula business, acquired from Nestlé, suffered from significant underinvestment in maintenance [3]. - It is alleged that Perrigo needed to incur substantial capital and operational expenditures beyond its stated cost estimates to address issues within the infant formula business [3]. - The lawsuit points out significant manufacturing deficiencies in the facility related to Perrigo's infant formula business [3]. - As a result of these issues, Perrigo's financial results, including earnings and cash flow, were reportedly overstated [3]. - The positive statements made by Perrigo regarding its business operations and prospects were claimed to be materially misleading and lacked a reasonable basis [3]. Class Action Participation - Investors who wish to serve as lead plaintiffs in the class action must file their motions with the court by January 16, 2026 [4]. - Participation in the case is not required to be eligible for recovery; investors can remain absent class members if they choose [4]. Rosen Law Firm Background - Rosen Law Firm is recognized for its commitment to shareholder rights litigation and has recovered over $1 billion for shareholders since its inception [6].

The inaugural Hotel Icons List celebrates enduring luxury properties more than a century old from Colorado to Cannes. https://t.co/xxbhNsEnT0📸: The Broadmoor, Park Hotel Vitznau https://t.co/yn0OA0yD2S ...

Group 1 - The Trump Organization is developing a $300 million resort in the Maldives, marking its first property in the South Asian region, in partnership with Saudi firm Dar Global, set to open by the end of 2028 [2][6] - The initiative involves tokenizing the development phase of the resort, allowing investors to participate in the project from its inception, which is a shift from traditional models that tokenize completed real estate [3][4] - Tokens will represent shares in a fund that finances the project, enabling broader access to investment opportunities in real estate development [3][5] Group 2 - Dar Global will retain a 30-40% stake in the venture, while the Trump Organization primarily focuses on branding and management rather than financing development [4][6] - The trend of tokenization in real estate development is gaining momentum, with blockchain-based platforms facilitating retail participation in previously inaccessible markets [5]

Trump Firm and Saudi partner Dar Global plan to develop Trump International Hotel Maldives, an 80-villa luxury resort, and intend to tokenize the hotel development as part of the project’s financing and ownership structure. The partners said the project will be built in phases. https://t.co/7x28uMCexo ...

Peek inside the Five-Star Los Angeles hotel’s new guest rooms and rooftop pool deck. https://t.co/6S2XuKAdhj (Photo: The Peninsula Beverly Hills) https://t.co/afMkS0LeFY ...

Core Insights - The discussion at the Fortune Emerging CFO virtual event highlighted how AI is transforming finance and the evolving role of CFOs [1] AI Implementation and Strategy - AI must align with a company's core strategy, with CFOs defining objectives such as efficiency or effectiveness before targeting finance areas [2] - Companies that deploy AI without a broader plan struggle to capture meaningful enterprise value [2] - Training employees to effectively use AI tools is crucial, as improper use can lead to ineffective outcomes [3] ROI and Adoption - CFOs commonly inquire about the ROI for AI, where to start, and whether to buy or build AI solutions [4] - Early adopters of AI are beginning to see positive returns on investment [4] Real-World Applications - CFOs shared experiences of AI enhancing accuracy, forecasting, and productivity, emphasizing the need for iterative learning and collaboration [5] - Webflow's finance team automated routine policy queries using large language models, allowing for more strategic work [6] - INRIX utilizes AI to analyze over 50 petabytes of mobility data, improving reporting and forecasting accuracy to 95% [8] - Greenlight leverages AI for risk management, contract reviews, and educational content, while also fostering a culture of understanding through hackathons [9] Challenges and Learning - Not all AI use cases succeed, and human oversight remains essential [10] - Early experiments with AI tools may not yield immediate success, but persistence can lead to improved outcomes [10][11]