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

RCI Hospitality Holdings, Inc. Faces Class Action Lawsuit: Shareholder Notice and Key Dates for Action

Class Action Lawsuit Against RCI Hospitality Holdings, Inc.

On October 20, 2025, The Gross Law Firm released a notification targeting shareholders of RCI Hospitality Holdings, Inc. (NASDAQ: RICK). This important announcement concerns a class action lawsuit, activated by allegations of misconduct during the defined class period from December 15, 2021, to September 16, 2025. This notice is crucial for shareholders who might have purchased shares during this timeframe as it outlines their rights and options regarding the ongoing legal proceedings.

Allegations Against RCI Hospitality

The lawsuit comes with serious allegations against the company's management, which include the following points:
1. Tax Fraud: The complaint asserts that the defendants actively engaged in tax fraud, leading to significant legal implications for RCI Hospitality.
2. Bribery: It is claimed that the defendants resorted to bribery to obscure the realities of the fraudulent activities, further complicating the situation.
3. Misrepresentation of Risks: The lawsuit alleges that the defendants did not disclose the legal risks faced by the company satisfactorily, creating a misleading impression regarding the company's stability and operations.
4. False Statements: The defendants purportedly made materially false statements about the company's business, operations, and future prospects, leading to an inflated perception of stock value.

Shareholders are advised not to overlook these allegations as they could have significant implications for their investments and the overall management of RCI Hospitality.

Important Deadlines

For investors, timing is of the essence. The deadline for registering as a shareholder in this case is set for November 20, 2025. Participation in this class action could provide potential recovery options for those impacted, hence it is crucial for interested shareholders to act swiftly and register their information. This can be done through the link provided in the notice, ensuring that they receive the necessary updates throughout the phase of the case.

Next Steps for Shareholders

Once registered, shareholders can expect to be enrolled in a portfolio monitoring service that offers ongoing status updates. This transparency is part of the Gross Law Firm's commitment to keeping investors informed throughout the litigation process. It’s important to note that there are no costs or obligations tied to participation, making this an accessible option for all affected shareholders.

Why Choose The Gross Law Firm?

The Gross Law Firm is recognized nationally for its dedication to advocating for shareholders' rights. Their mission is to safeguard the interests of investors who have suffered from fraud, deceit, and corporate malpractice. The firm is not only focused on securing recovery for investors but also stands firm on enforcing responsible corporate conduct across the industry.

In summary, this class action lawsuit holds significant implications for RCI Hospitality shareholders. The allegations are serious, and the deadlines are approaching. Affected shareholders are encouraged to take immediate action to safeguard their interests. For further assistance and to register your claim, contact The Gross Law Firm directly using the information provided in the initial announcement.