Investors Advised on RCI Hospitality Holdings, Inc. Class Action Lawsuit and Key Deadlines

Investor Alert: Class Action Lawsuit Filed Against RCI Hospitality Holdings, Inc.

In a significant development for investors, Pomerantz LLP has initiated a class action lawsuit targeting RCI Hospitality Holdings, Inc. (NASDAQ: RICK). This lawsuit has arisen amid allegations of securities fraud and other unlawful business practices involving the company and its executives. Investors who suffered losses are encouraged to act swiftly to safeguard their rights.

Key Details of the Lawsuit

The class action centers on whether RCI and certain officers or directors participated in fraudulent activities that misled investors about the company's financial standing. Those who held shares of RCI during the class period have until November 20, 2025, to request appointment as Lead Plaintiff in the case.

According to Pomerantz LLP, affected investors may contact Danielle Peyton at 646-581-9980, or toll-free at 888.4-POMLAW, for more details on how to participate.

Background of Allegations

On September 16, 2025, the New York Attorney General's Office indicted several high-ranking officials of RCI, alleging that they engaged in bribery of an auditor from the New York Department of Taxation and Finance. This alleged misconduct reportedly facilitated the company in evading more than $8 million in sales tax payments owed to New York City and the state from 2010 to 2024.

In the wake of these shocking allegations, RCI's stock plummeted by nearly 25%, dropping $25.80 per share over two trading days, which points to the market's reaction to the news and suggests investor sentiment is understandably shaken.

About Pomerantz LLP

With a long-standing reputation as a premier law firm, Pomerantz LLP specializes in corporate, securities, and antitrust class litigation. The firm was founded by Abraham L. Pomerantz, who is celebrated for pioneering securities class actions. Now, more than 85 years later, Pomerantz remains steadfast in its mission to advocate for victims of corporate misconduct and securities fraud, having successfully recovered millions for class members in past litigations.

For further information on joining the class action or accessing a copy of the complaint, investors can visit Pomerantz Law for additional resources and guidance. Remember, prompt action is crucial in these situations to ensure your interests are represented.

Conclusion

As investors absorb the fallout from this lawsuit, it's imperative to stay informed and consider participation in the class action to seek recovery for losses incurred. The upcoming deadline of November 20, 2025, is a critical date that RCI investors should mark on their calendars to ensure they do not miss this opportunity to stand up for their rights.

If you or someone you know has been impacted by the events surrounding RCI Hospitality, now is the time to take action and consult with the legal experts at Pomerantz LLP. Your financial future might depend on it.