Important Notice for RCI Hospitality Holdings, Inc. Shareholders
Shareholders of RCI Hospitality Holdings, Inc. (NASDAQ: RICK) are encouraged to take immediate action in light of recent legal developments. The Gross Law Firm, a nationwide class action law firm, is reaching out to shareholders who purchased shares during the specified class period, from December 15, 2021, to September 16, 2025. This notice serves to inform you of your rights and the potential for recovery related to the allegations outlined below.
Allegations Against RCI Hospitality Holdings
The lawsuit against RCI Hospitality alleges several serious infractions by the company and its executives, including:
1.
Engaging in Tax Fraud: It is claimed that the defendants engaged in activities that constituted tax fraud, misrepresenting the financial standing of the company.
2.
Bribery: The accusations further extend to claims of bribery, allegedly utilized to conceal the aforementioned tax fraud. This breach of trust has implicated the company’s management and raised significant concerns about their corporate governance.
3.
Understating Legal Risks: The complaints suggest that the defendants failed to disclose critical legal risks faced by the company, misleading investors about the implications of these risks on the company's future.
4.
False Statements Regarding Business Operations: The legal filing argues that the defendants made materially false and misleading statements regarding the company’s operations and future prospects, thus failing to provide a true and fair view of its financial health.
Deadline for Action
As a shareholder, it is crucial to act swiftly. The deadline to file a motion to be appointed as lead plaintiff is
November 20, 2025. However, it is important to note that you do not need to be a lead plaintiff to participate in any potential recovery. To register your claim and learn about the next steps, submit your information through the following link:
Registration Link.
Benefits of Participation
Once you register as a shareholder during the specified class period, you will gain access to a portfolio monitoring system designed to keep you updated throughout the legal proceedings. This proactive approach ensures you are informed about any relevant developments pertaining to the case.
Why Choose The Gross Law Firm?
The Gross Law Firm has established itself as a prominent advocate for investors' rights, committed to protecting those who have suffered losses due to corporate fraud and malpractice. Their mission focuses on promoting ethical business practices and corporate accountability. They work diligently to recover losses for investors impacted by false or misleading statements that artificially inflated stock prices. The firm emphasizes that taking part in this case is free of charge and carries no obligations for shareholders.
Contact Information
If you are a shareholder of RCI Hospitality, don’t hesitate to reach out for more information or assistance. You can contact The Gross Law Firm at:
- - Address: 15 West 38th Street, 12th Floor, New York, NY 10018
- - Phone: (646) 453-8903
- - Email: [email protected]
Protecting your rights and interests is crucial, and acting now can help you navigate this challenging situation effectively. Remember, the deadline is fast approaching, and your response could be instrumental in the recovery process.
Stay informed and make sure your voice is heard.