#United States #New York #Class Action #Gross Law Firm #RCI Hospitality

Class Action Lawsuit Alert for RCI Hospitality Holdings, Inc.

On October 30, 2025, The Gross Law Firm released an important notice directed at investors of RCI Hospitality Holdings, Inc. (NASDAQ: RICK). This advisory pertains to a class action lawsuit with allegations that could have significant implications for the company's shareholders.

Overview of the Allegations

The Gross Law Firm has disclosed serious accusations against RCI Hospitality Holdings, Inc., claiming that the company has engaged in deceptive practices during the class period extending from December 15, 2021, to September 16, 2025. Investors who acquired shares during this timeframe are encouraged to reach out to the law firm as the deadlines for potential participation in the lawsuit are approaching.

The lawsuit alleges that the defendants failed to disclose critical information that could have impacted shareholders' decisions. Specifically, it claims:

• - Tax Fraud: The company is accused of engaging in fraudulent tax practices, misleading shareholders about its fiscal health.
• - Bribery: It is alleged that the defendants resorted to bribery to conceal their tax fraud activities, further exacerbating the potential legal ramifications.
• - Underreported Risks: The complaint asserts that these actions led to a gross understatement of the company's legal risks, presenting an unfounded optimism regarding its business outlook.

These allegations paint a troubling picture of the firm's corporate governance and accountability, raising questions about the authenticity of its financial statements and overall operations during this class period.

Key Dates and Next Steps for Shareholders

As part of their outreach, The Gross Law Firm has set a firm deadline for shareholders. Investors affected by these developments must register by November 20, 2025, to be considered for lead plaintiff status. This position is not mandatory for participation in any recovery related to the case, but it allows for greater influence over the proceedings.

Shareholders who wish to register can do so through the firm's dedicated webpage, where they will be enrolled in a portfolio monitoring service. This setup ensures that they receive status updates as the case progresses, keeping them informed and engaged throughout the legal process.

The Importance of Participation

The Gross Law Firm highlights the critical nature of shareholder participation in such class action lawsuits. Supporting the effort not only aids in holding companies accountable for misconduct but also strengthens the rights of investors. These lawsuits are mechanisms through which individuals can collectively seek reparations when faced with corporate deceit and unfair practices.

The firm emphasizes that there is no financial obligation for shareholders who register, making participation accessible and streamlined. This accessibility is vital as it allows the greatest number of impacted investors to take action in securing their rights.

About The Gross Law Firm

The Gross Law Firm is well-known in the legal community for its commitment to defending the rights of investors. With a strong track record in class action lawsuits, the firm advocates for responsible corporate conduct and aims to protect investors from unlawful practices. Their comprehensive approach to legal representation seeks to ensure that companies are held accountable when they deviate from ethical business practices.

Shareholders are advised not to delay registering for this lawsuit and to engage directly with The Gross Law Firm to understand their options fully. The details surrounding the case are significant, and timely action could be vital for the recovery of lost investments.

For more information, or to initiate the registration process, interested parties can visit the link provided in the notice or contact the law firm directly at their New York office.

Conclusion

Overall, this class action lawsuit is a pivotal event for investors of RCI Hospitality Holdings, Inc. The serious allegations outlined must be taken into consideration by shareholders, particularly as the November 20, 2025, deadline approaches. Ensuring that their voices are heard in this case could be essential for those looking to uphold their rights and investments.