Investigating Class Action Lawsuit Against RCI Hospitality Holdings, Inc.: Key Issues and Deadlines

Investor Alert: Class Action Lawsuit Against RCI Hospitality Holdings

Pomerantz LLP, a prominent law firm known for its practice in securities and corporate litigation, has recently announced the initiation of a class action lawsuit against RCI Hospitality Holdings, Inc. (NASDAQ: RICK). The lawsuit addresses allegations of securities fraud and unlawful business practices involving executives from RCI.

Background of the Lawsuit

The class action arises from accusations against RCI and its top management for their involvement in fraudulent activities. Specifically, the investigation led by New York's Office of the Attorney General has pointed to claims of bribery involving one of the auditors working with the New York Department of Taxation and Finance. This alleged conspiracy reportedly allowed the company to avoid over $8 million in sales taxes due to the state and city from 2010 to 2024.

On September 16, 2025, details regarding the indictment of RCI's executives surfaced, which significantly impacted the company's stock performance. Following the announcement, RCI's stock price plummeted by an alarming $25.80 per share—marking a drop of 24.83%—over the course of just two trading sessions.

Deadlines and Procedures

Investors who had acquired shares of RCI during the specified Class Period are encouraged to take immediate action. They are advised to contact Danielle Peyton from Pomerantz LLP by calling 646-581-9980 or emailing [email protected]. It is crucial for interested parties to submit their requests before November 20, 2025, to consider joining the lawsuit as Lead Plaintiffs. Inquiries via email should ideally include key contact details such as mailing addresses and the number of shares purchased.

A copy of the Complaint and further detailed information can be accessed through the Pomerantz Law Firm’s official website at www.pomerantzlaw.com. The firm aims to compile a robust network of plaintiffs to enhance their legal standing in the impending cases.

Pomerantz LLP: A Brief Overview

Founded over 85 years ago by the distinguished Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz LLP has diligently fought for the rights of investors against securities fraud and corporate misconduct. The firm has accrued extensive experience, successfully recovering millions in damages on behalf of affected class members. Its offices span globally, from New York and Chicago to London and Tel Aviv, solidifying its position as a leader in the realm of investor representation.

Conclusion

As the lawsuit progresses, affected investors must remain informed and act promptly regarding their claims related to RCI Hospitality Holdings, Inc. The stakes are high given the serious nature of the allegations and the significant financial implications for victims involved. Early engagement with legal counsel and participation in the class action could prove vital for those seeking restitution for their financial losses.

In conclusion, the developments related to RCI's executive misdeeds and the operational transparency of the firm remain crucial for stakeholders as the legal proceedings unfold.