Investors in RCI Hospitality Holdings, Inc. Have a Chance to Join a Securities Fraud Class Action Lawsuit

Opportunity for RCI Hospitality Investors

The Law Offices of Frank R. Cruz have publicly announced a call to action for investors of RCI Hospitality Holdings, Inc. (NASDAQ: RICK) who suffered financial losses. With a securities fraud class action lawsuit being initiated, affected shareholders have until November 20, 2025, to step forward and participate in the proceedings.

Overview of the Lawsuit

This lawsuit revolves around accusations that the company's leadership failed to disclose several critical facts that directly impacted its investors. The allegations include accusations of tax fraud and bribery carried out by the defendants between December 15, 2021, and September 16, 2025. It is alleged that as a direct result of these actions, the potential legal risks faced by the company were grossly understated. Consequently, the optimistic statements made about the company’s business health lacked a solid foundation.

Key Allegations

1. Failure to Disclose Tax Fraud: The lawsuit asserts that the executives of RCI Hospitality were involved in tax fraud, a serious moral and legal offense that undermines investor trust.

2. Bribery as a Cover-Up: In an attempt to conceal their fraudulent activities, it is claimed that the defendants also engaged in bribery. Such actions would further erode confidence in the company's governance and practices.

3. Misleading Statements: The lawsuit also highlights that the defendants made statements regarding the company’s operations and future prospects that were not only overly positive but also materially misleading, creating a false sense of security among investors.

Actions for Shareholders

Investors who believe they have experienced losses related to RCI Hospitality Holdings are encouraged to take immediate action. By reaching out to the Law Offices of Frank R. Cruz, individuals can inquire about their eligibility to join the class action lawsuit. This legal avenue seeks to hold the involved parties accountable for their alleged misconduct and provide restitution to those affected.

How to Participate

If you are a shareholder who finds these circumstances resonate with your experience, you can reach out to the law firm directly:

- Email: [email protected]
- Phone: 310-914-5007
- Website: www.frankcruzlaw.com

The law firm has emphasized that retaining counsel is optional at this stage; investors can remain as absent members of the class action lawsuit if they prefer not to take immediate action.

Conclusion

These developments mark a critical juncture for shareholders of RCI Hospitality Holdings who may feel wronged by the company's leadership actions. The upcoming legal proceedings may provide an avenue for healing and restitution for impacted investors as the class action lawsuit unfolds.