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Investors of RCI Hospitality Holdings, Inc. Take Action Against Alleged Securities Fraud

Los Angeles, October 10, 2025 – RCI Hospitality Holdings, Inc. (NASDAQ: RICK) finds itself under scrutiny as the law firm Glancy Prongay & Murray LLP announces an opportunity for shareholders to take action against potential securities fraud. Investors who have suffered losses on their investments in RCI can now seek to lead a class action lawsuit against the company.

Overview of the Allegations

Between December 15, 2021 and September 16, 2025, RCI substantially misled its investors. The lawsuit claims that the company engaged in tax fraud and bribery, failing to adequately inform shareholders about the legal risks these actions posed. Consequently, the misleading positive statements made by the company's management regarding its operations and prospects were neither grounded in reality nor substantiated.

Specific Allegations Include:

1. Tax Fraud: The defendants purportedly committed tax fraud which was concealed from investors.
2. Bribery to Conceal Crimes: In a bid to cover up the tax fraud, it is alleged that RCI engaged in bribery.
3. Misleading Assessments of Risk: Due to these fraudulent activities, the company understated its legal risks.
4. False Positive Statements: The misleading claims regarding the company's performance and future prospects lack a reasonable basis, as per the allegations.

How Investors Can Participate

The law firm has issued a deadline of November 20, 2025, for shareholders wishing to lead the lawsuit. To learn more or to participate, investors can contact Glancy Prongay & Murray LLP directly.

Contact Details
Charles Linehan, Esq.
Glancy Prongay & Murray LLP
1925 Century Park East, Suite 2100
Los Angeles, California 90067
Email: [email protected]
Telephone: 310-201-9150 (Toll-Free: 888-773-9224)
Visit the firm’s website at glancylaw.com for further information.

Legal Rights and Class Action Claims

Individuals who have lost money on their RCI shares should act swiftly to secure their rights under the law. Participating in this class-action lawsuit does not require any immediate legal action on the part of affected investors. They may either choose to retain their legal counsel or remain passive as members of the class action.

Understanding Class Action Lawsuits

Class action lawsuits allow individuals with similar claims against a defendant to group their cases. This not only helps redistribute legal costs but also gives a collective voice to those affected by such actions. Through this process, shareholders aiming to hold RCI accountable can unite to push for justice.

Conclusion

As the allegations unfold, the current situation presents a critical moment for shareholders of RCI Hospitality Holdings, Inc. Those affected may have a valuable opportunity to seek redress. By joining forces in a class action, they can work towards addressing the alleged securities fraud and reclaiming their losses. Stakeholders are urged to stay informed and aware of their rights moving forward.