#United States #New York #Class Action #Securities Fraud #RCI Hospitality

Class Action Lawsuit Against RCI Hospitality Holdings, Inc.

On October 24, 2025, Levi & Korsinsky, LLP announced a class action lawsuit against RCI Hospitality Holdings, Inc. (NASDAQ: RICK). This legal action seeks to address significant investor concerns related to alleged securities fraud that occurred between December 15, 2021, and September 16, 2025.

Background of the Case

The class action file indicates that numerous investors experienced financial loss due to actions by the Company that potentially involved misleading statements and unlawful conduct. The complaint accuses RCI Hospitality Holdings of tax fraud and bribery to cover up these ill practices, which led to a serious understatement of the legal risks the company was facing. Such actions significantly affected public sentiment regarding the company, impacting both its performance and investors’ trust.

Details of the Allegations

The allegations detailed in the complaint include:
1. Engagement in Tax Fraud: The defendants’ actions are said to include deceptive practices aimed at reducing tax obligations dishonestly.
2. Use of Bribery: To conceal the tax fraud, the defendants purportedly resorted to bribery, compounding the legal issues faced by the company.
3. Misrepresentation of Risks: The lawsuit claims that RCI Hospitality Holdings painted an overly rosy picture of its business operations, thereby misleading investors regarding the real risks involved.
4. Material Misstatements: Ultimately, it is alleged that the defendants' statements about the company’s business, operations, and prospects were materially false and lacked any reasonable basis for a significant period.

Investor Information

Investors who suffered losses during the specified timeframe are encouraged to take action before the deadline of November 20, 2025, to request the Court appoint them as lead plaintiffs in the class action. Importantly, participation in the lawsuit does not require serving as a lead plaintiff to claim any potential recovery.

No Financial Risk for Class Members

For those who may qualify as a class member, joining the lawsuit involves zero costs; there are no upfront fees or expenses required to participate. The firm is committed to securing compensation for aggrieved shareholders at no financial risk to those involved.

Why Choose Levi & Korsinsky?

Levi & Korsinsky has a commendable history of advocating for investors over the past two decades, with an extensive track record of winning high-stakes cases in complex securities litigation. The firm has been recognized multiple times by the ISS Securities Class Action Services as one of the top securities litigation firms in the country. Their dedicated team of more than 70 professionals focuses on delivering justice to shareholders affected by corporate misconduct.

Contact Information

Investors who wish to learn more about the class action regarding RCI Hospitality Holdings, Inc. can reach out through the following contact details:

• - Email: [email protected]
• - Telephone: (212) 363-7500
• - Address: 33 Whitehall Street, 17th Floor, New York, NY 10004.

Conclusion

As this class action unfolds, investors are advised to stay informed and act promptly. The implications of this case extend beyond just monetary losses; they hold significant relevance for corporate governance and accountability in publicly traded entities. If you believe that your investments have been negatively affected by the alleged misconduct of RCI Hospitality Holdings, now is the time to seek legal counsel and consider joining this potential class action.