Class Action Lawsuit Filed Against RCI Hospitality Holdings, Deadline Approaches for Investors
On November 7, 2025, Levi & Korsinsky, LLP announced a class action securities lawsuit against RCI Hospitality Holdings, Inc. (NASDAQ: RICK). This lawsuit is crucial for investors who may have suffered losses due to alleged fraudulent activities within the company. The suit covers the period between December 15, 2021, and September 16, 2025, during which the defendants reportedly engaged in actions that misled investors about the company's legal and operational risks.
Key Allegations
The filed complaint outlines several serious allegations against RCI Hospitality Holdings. It claims that the defendants not only engaged in tax fraud but also bribery to mask these fraudulent activities. These actions purportedly led the company to significantly underestimate the legal risks associated with its operations. Consequently, all statements made by the defendants regarding the company's business conditions and future prospects were deemed materially false and misleading.
Impact on Investors
The ramifications of this lawsuit are significant for shareholders of RCI Hospitality. If you experienced a financial loss in the specified timeframe, you are eligible to seek recovery through this class action. It's essential to act quickly, as the deadline to request leadership as a plaintiff in this case is set for November 20, 2025. However, participation in the lawsuit does not require one to be a lead plaintiff to claim as a class member.
No Out-of-Pocket Costs
One of the most appealing aspects for potential participants is that there are no costs associated with joining the class action. If you qualify as a class member, you may receive compensation without any obligation to pay upfront fees or costs to participate. Levi & Korsinsky considers this a fundamental aspect of fostering fair legal practices as it allows investors to claim their rightful compensation without financial risk.
Why Choose Levi & Korsinsky?
With a commendable track record over the past two decades, Levi & Korsinsky has secured hundreds of millions in recoveries for shareholders. The firm’s team, comprising over 70 experienced professionals, specializes in complex securities litigation. They have consistently ranked among the top firms in the United States according to ISS Securities Class Action Services.
Contact Information
If you're an investor in RCI Hospitality Holdings and wish to learn more about your rights in this class action, reach out to Levi & Korsinsky directly. You can contact Joseph E. Levi, Esq., via email at [email protected] or call at (212) 363-7500. Additionally, you can fill out a submission form on their website for more personalized assistance.
Conclusion
This class action lawsuit serves as a vital opportunity for investors impacted by RCI Hospitality's alleged misconduct to reclaim their losses. As the deadline approaches, it’s imperative to engage with legal representatives to ensure that your interests are adequately represented. Taking proactive steps can make all the difference in recouping losses amidst complex legal battles that arise in the securities landscape.