#United States #New York #Levi Korsinsky #RCI Hospitality #Rick

Overview of the Class Action Lawsuit

Levi & Korsinsky, LLP has issued an important reminder for investors in RCI Hospitality Holdings, Inc. regarding a pending class action lawsuit. This lawsuit seeks to recover financial losses incurred by shareholders due to alleged securities fraud between December 15, 2021, and September 16, 2025. Investors in RCI Hospitality, trading on NASDAQ under the ticker symbol 'RICK', should be particularly attentive to the upcoming deadline of November 20, 2025, for lead plaintiff requests.

Class Action Details

The core of this class action lawsuit revolves around accusations that RCI Hospitality made false and misleading statements concerning its business operations and legal risks. Specifically, the complaint alleges:
1. Tax Fraud: The defendants purportedly engaged in tax-related misconduct that has not only adversely affected the company's standing but also misled investors.
2. Bribery: There are allegations of bribery to conceal unlawful activities associated with tax fraud, further casting doubt on the company's governance.
3. Misrepresentation: Statements made by the company regarding its operational risk have been declared materially false, depriving shareholders of an accurate understanding of their investments.

Investors who were active during the designated time frame and believe that they suffered losses may be eligible to recover damages and should consider participating in this class action.

Next Steps for Investors

For those affected, the procedure to initiate participation is straightforward. Interested shareholders must request the court to appoint them as lead plaintiffs before the impending deadline of November 20, 2025. However, it is critical to note that potential recovery does not require one to be a lead plaintiff. All financial losses incurred during the relevant period could still be compensated, thus making it crucial for stakeholders to act before the stipulated time frame.

No Cost Participation

Importantly, class members have a chance to be compensated without incurring any upfront costs. Levi & Korsinsky specifies that participating in the class action does not involve any financial obligation; the firm operates on a contingency basis, meaning that fees are only taken from any settlement or recovery achieved.

Why Choose Levi & Korsinsky?

With over two decades of experience, Levi & Korsinsky has established a robust track record in securities litigation, averaging settlements in the hundreds of millions for aggrieved shareholders. The firm continues to be recognized in the ISS Securities Class Action Services' Top 50 Report, demonstrating its position among the elite in the field of securities litigation.

Contact Information

Investors looking for more information or wishing to join the class action can contact Joseph E. Levi, Esq. or Ed Korsinsky, Esq. at Levi & Korsinsky via email or phone as follows:

• - Email: [email protected]
• - Phone: (212) 363-7500
• - Address: 33 Whitehall Street, 17th Floor, New York, NY 10004

Summary

In summary, RCI Hospitality Holdings, Inc. investors should take note of the approaching deadline for filing claims related to the class action lawsuit. Failure to act by November 20 could result in missed opportunities for recovery for those affected by the disclosures or misrepresentations made by the company. For potential claimants, joining this class action can offer a path to financial recovery without any immediate costs. Always consult with legal counsel to navigate these proceedings effectively.