Investigation Launched: RCI Hospitality Holdings Faces Class Action Lawsuit Over Alleged Securities Fraud

Class Action Lawsuit Against RCI Hospitality Holdings, Inc.

In a significant legal development, investors of RCI Hospitality Holdings, Inc. (NASDAQ: RICK) are being urged to take notice of a class action lawsuit initiated by Levi & Korsinsky, LLP. This lawsuit arises from allegations of securities fraud that occurred between December 15, 2021, and September 16, 2025.

Details of the Allegations

The complaint outlines serious accusations against the management of RCI Hospitality Holdings. It claims that the defendants not only misled shareholders with false statements but also attempted to conceal the fraudulent activities involving tax misconduct. Specifically, the lawsuit alleges the following:
1. Engaging in tax fraud by manipulating financial disclosures.
2. Using bribery as a tactic to obscure the truth about the tax fraud.
3. Understating the legal risks associated with these actions.
4. Giving inaccurate statements regarding the company's business, operations, and financial outlook which lacked a reasonable basis.

These serious charges have prompted a call for affected investors to step forward. If you have incurred losses related to RCI Hospitality Holdings during the stated period, you are encouraged to consider the implications of this lawsuit.

Next Steps for Investors

As the case progresses, potential plaintiffs have until November 20, 2025, to file requests for the Court to appoint them as lead plaintiffs. Importantly, participation as a lead plaintiff is not a prerequisite for being entitled to any eventual recovery from the lawsuit; shareholders may benefit without incurring personal costs or obligations.

Why Levi & Korsinsky?

With over two decades of experience, Levi & Korsinsky has built a solid reputation in advocacy for shareholder rights, having successfully secured hundreds of millions of dollars for clients in the past. The firm is noted for its prowess in high-stakes securities litigation, consistently ranking among the top firms in the United States as recognized by ISS Securities Class Action Services.

The law firm boasts a dedicated team of over 70 professionals ready to provide support and guidance for those affected by this situation. Investors are reminded that they can reach out directly if they wish to discuss their potential claims:

- Email: [Email contact for Levi & Korsinsky]
- Phone: (212) 363-7500

Conclusion

The unfolding legal battle represents a critical moment for shareholders of RCI Hospitality Holdings, Inc. who may find themselves impacted by the alleged wrongdoing described in the lawsuit. By engaging with legal representation and ensuring their rights are upheld, investors can take proactive steps during this turbulent period. Levi & Korsinsky has committed itself to advocating for the rights of shareholders and will navigate the complexities of this case on their behalf.