#USA #New York #Pomerantz LLP #RCI Hospitality Holdings #NASDAQ RICK

Investigation into RCI Hospitality Holdings by Pomerantz Law Firm

On September 23, 2025, Pomerantz LLP announced an investigation concerning potential allegations against RCI Hospitality Holdings, Inc. (NASDAQ: RICK). This examination pertains to claims made by investors regarding the possibility of securities fraud perpetrated by certain officers and directors of the company. Investors associated with RCI are encouraged to contact the firm for additional information and to discuss their options related to this inquiry.

Background on Allegations

The focal point of the investigation stems from announcements made by New York's Office of the Attorney General on September 16, 2025, which disclosed serious accusations against RCI's top executives. These executives are alleged to have engaged in bribery, attempting to evade more than $8 million in sales taxes owed to the state and city of New York dating back from 2010 to 2024. The revelation of these claims has raised significant concerns about the integrity of RCI's operations and its leadership practices.

Following these allegations, the company's stock experienced a dramatic decline, plummeting by $25.80 per share, representing a sharp drop of nearly 25% in just two trading sessions. This downturn poses substantial financial implications for shareholders, suggesting that the market has reacted negatively to the potential ramifications of these legal challenges. Investors are thereby urged to consider their stance regarding the company amidst these troubling developments.

About Pomerantz LLP

Pomerantz LLP is recognized as a prominent player in corporate law and has a long history of representing clients in class action cases, particularly concerning securities fraud and violations of fiduciary duties. Founded by Abraham L. Pomerantz, a seminal figure in securities litigation, the firm remains dedicated to advocating for the rights of victims in the marketplace. With offices located in major financial centers around the globe including New York, London, and Paris, Pomerantz maintains a strong reputation in the legal landscape. The firm's commitment to protecting investors' rights remains at the forefront of its mission.

What This Means for Investors

Investors of RCI Hospitality Holdings should carefully consider the implications of these developments. The ongoing investigation by Pomerantz LLP may pave the way for a class action lawsuit, which could lead to significant recovery options for impacted investors. Being part of this legal process can provide a voice to shareholders who feel compromised by recent events.

For those interested in participating, Danielle Peyton from Pomerantz LLP can be contacted via email at [email protected] or by phone at 646-581-9980, ext. 7980. It’s crucial that affected investors act promptly to ensure their interests are adequately represented and that they stay informed throughout this evolving situation.

Conclusion

In today’s financial environment, where corporate governance and ethical practices are increasingly scrutinized, the case of RCI Hospitality Holdings serves as a cautionary tale. It highlights the necessity for transparency and accountability within public companies. The Pomerantz investigation may not only reveal essential details about the inner workings of RCI but could also shape future regulations regarding corporate conduct. Shareholders should remain vigilant and proactive regarding their investments in light of these developments.