Investors Warned of Class Action Lawsuit Against RCI Hospitality Holdings, Upcoming Deadlines and Allegations

Investor Alert: Class Action Lawsuit Filed Against RCI Hospitality Holdings

In a significant development for investors, the Pomerantz Law Firm has reported that a class action lawsuit has been initiated against RCI Hospitality Holdings, Inc. (NASDAQ: RICK). This legal action raises important questions about the company's practices and alleged securities fraud, prompting the firm to remind stakeholders of the upcoming deadlines they must meet to potentially lead this case.

Lawsuit Overview

The lawsuit alleges that RCI and some of its executives engaged in deceptive practices that may have negatively impacted investors who purchased the company’s securities during a defined class period. Investors are strongly encouraged to reach out to the firm to learn how they can assert their rights in connection with this case.

Danielle Peyton from Pomerantz is the primary contact for affected investors. Those needing assistance can contact her via email at [email protected] or call the firm’s toll-free line at 888.4-POMLAW, Ext. 7980. It’s advised that investors provide their mailing address, phone number, and details of their RCI share purchases for accurate assistance.

The Allegations

A troubling revelation surfaced on September 16, 2025, when the New York Office of the Attorney General indicted several high-ranking executives from RCI. The accusations include allegations that RCI executives bribed an auditor from the New York Department of Taxation and Finance (DTF) to evade over $8 million in sales taxes owed to New York City and the state for the years 2010 through 2024. This scandal significantly impacted investor confidence and led to a dramatic drop in RCI's stock values.

Following the indictment, RCI’s stock witnessed a steep decline, plummeting by $25.80 or nearly 25% over the subsequent two trading sessions, bringing its share price down to $25.80 by September 17, 2025. This tumble in RCI's market performance underscores the potential financial ramifications for those involved.

Importance of Acting Now

Investors who purchased shares during the specified period must act quickly, as the deadline to seek Lead Plaintiff status in this class action is set for November 20, 2025. Joining the case allows investors to take an active role in pursuing justice for the alleged misconduct that occurred during the identified timeframe.

Pomerantz strives to uphold the rights of victims impacted by securities fraud and corporate wrongdoing. Over the past 85 years, the firm has built a strong reputation by advocating for those victimized by unethical business practices and has successfully recovered substantial damages for class members. Such efforts are critical in deterring future corporate misconduct and protecting investor security and confidence.

Conclusion

The situation surrounding RCI Hospitality Holdings serves as a reminder of the risks that investors face and the legal avenues available to them. Stakeholders should remain vigilant and informed about potential class actions that may arise. If you believe your investments have been compromised due to the alleged actions at RCI, now is the time to consult with legal experts who can guide you through the process of filing a claim and asserting your rights as an investor.

For more detailed information about the complaint and the ongoing proceedings, interested parties can visit pomerantzlaw.com. This case highlights both the importance of investor rights in the face of corporate malfeasance and the critical role that law firms like Pomerantz play in advocating for accountability within the financial marketplace.