#USA #New York #Levi & Korsinsky #RCI Hospitality #Rick

Overview of the Class Action Lawsuit

On October 28, 2025, Levi & Korsinsky, LLP announced a class action lawsuit involving RCI Hospitality Holdings, Inc. ('RCI'). This action aims to recover losses incurred by investors allegedly affected by fraud that occurred between December 15, 2021, and September 16, 2025. Investors should be aware that they have until November 20, 2025, to take action if they wish to be appointed as lead plaintiffs in this case.

The Accusations

The lawsuit arises from serious allegations against RCI’s management. The claim states that the company made misleading statements and concealed critical information regarding:
1. Tax Fraud: Executives at RCI are accused of engaging in tax fraud.
2. Bribery: The defendants allegedly resorted to bribery to cover their tracks related to this tax fraud.
3. Understated Legal Risks: The company purportedly downplayed the legal risks associated with these actions.
4. Misleading Statements: RCI's communications regarding their business operations and future prospects were claimed to be materially false and misleading.

These allegations suggest a pattern of misconduct that may have impacted the stock’s value and investor confidence significantly.

Implications for Investors

Investors who held shares during the specified period might be eligible for compensation. Notably, participating in this lawsuit could incur no costs, as class members typically don’t need to pay out-of-pocket expenses to recover losses. This presents an opportunity for affected investors to seek recompense while minimizing financial risk.

How to Get Involved

Interested shareholders are instructed to follow specific steps to get involved in the lawsuit. Potential plaintiffs can submit a form through the firm’s website or directly reach out to Joseph E. Levi, Esq., via email or phone. Representation is available to guide them through the process, emphasizing that they don’t need to be lead plaintiffs to be part of any financial recovery.

The Role of Levi & Korsinsky

With over 20 years of experience, Levi & Korsinsky has established a commendable record in securities litigation, successfully recovering hundreds of millions for shareholders in various cases. Their expertise will be instrumental as they navigate the complexities of this lawsuit on behalf of RCI investors. Furthermore, they have maintained a place among the top 50 securities litigation firms in the United States, as recognized by ISS Securities Class Action Services for seven consecutive years.

Conclusion

As the situation develops, it is vital for RCI Hospitality Holdings investors to stay informed about their rights and options regarding participation in this class action lawsuit. The deadline to act is fast approaching, and securing legal representation through experienced firms like Levi & Korsinsky might provide the best pathway for affected investors to seek justice and possible financial recovery. For more information about the case or to initiate participation, investors can contact the firm directly.

Contact Information:
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
Email: [email protected]
Phone: (212) 363-7500
Fax: (212) 363-7171
Website: www.zlk.com

Important Dates

• - Lawsuit Filed: October 28, 2025
• - Deadline to Apply as Lead Plaintiff: November 20, 2025

In light of the serious allegations and potential implications, it is crucial for shareholders of RCI Hospitality Holdings, Inc. to take swift action to protect their investments.