Deadline Looms for RCI Hospitality Holdings Shareholders to Join Class Action Lawsuit

Urgent Notice for RCI Hospitality Holdings Shareholders

The Gross Law Firm has announced an important notification for shareholders of RCI Hospitality Holdings, Inc. (NASDAQ: RICK). As of October 9, 2025, the law firm is urging shareholders who acquired shares during the designated class period to consider participating in a class action lawsuit. This legal action is centered on allegations of significant misconduct by the company, particularly regarding tax fraud and misrepresentation.

Class Action Details

Shareholders who purchased RICK shares between December 15, 2021 and September 16, 2025 are encouraged to make contact with The Gross Law Firm by the November 20, 2025 deadline. They will aid in the process of appointing a lead plaintiff, though it’s crucial to note that being appointed does not require participants to opt out of the recovery.

Allegations Against RCI Hospitality Holdings

The complaint filed alleges several key issues:
1. The defendants are accused of engaging in fraudulent tax practices.
2. There are allegations of bribery that were enacted to obscure these fraudulent activities.
3. Consequently, the legal risks associated with these actions were significantly understated by the company.
4. The company’s public statements about its operations and prospects were misleading and lacked a solid basis.

Given the severity of these claims, shareholders must act swiftly to secure their participation in the legal proceedings. It is also vital that those affected register with The Gross Law Firm, facilitating their rights to potential recovery.

Next Steps for Shareholders

Once shareholders register, they will gain access to a portfolio monitoring software that will keep them updated on the case's evolution. As previously shared, the deadline to express interest in becoming a lead plaintiff is November 20, 2025. There are no fees incurred for participating in this class action.

Why Choose The Gross Law Firm?

Renowned in the field of class action lawsuits, The Gross Law Firm dedicates itself to safeguarding the rights of investors significantly impacted by deceitful business practices. Their commitment lies not just in legal recoveries but also in promoting transparent and responsible corporate behavior. They seek to hold companies accountability for their misrepresentations, ensuring that investors receive rightful compensation for their losses caused by false statements or withheld material information.

For more details, shareholders may get in touch with The Gross Law Firm:

- Address: 15 West 38th Street, 12th Floor, New York, NY 10018
- Email: [email protected]
- Phone: (646) 453-8903

Act now—time is of the essence within this critical legal framework as the deadline approaches. Shareholders of RCI Hospitality Holdings, Inc. should remain vigilant and proactive in protecting their investment rights!