In a dramatic turn of events, RCI Hospitality Holdings, Inc., known by its ticker symbol RICK, finds itself embroiled in a class action lawsuit that could have significant implications for its shareholders. The lawsuit, filed on behalf of investors who suffered losses between December 15, 2021, and September 16, 2025, accuses the company of engaging in serious misconduct, including tax fraud and bribery.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
The allegations are severe: it is claimed that the defendants not only committed tax fraud but also resorted to bribery to conceal their actions. This alleged misconduct has led to the understatement of legal risks facing the company, thereby misleading investors about the true state of its business operations and prospects.
For those who have invested in RCI Hospitality Holdings during the specified period, there is an opportunity to seek recovery of their losses. Investors are encouraged to visit the provided link to understand their rights and explore the possibility of participating in the lawsuit. Importantly, there is no cost or obligation to join the action.
Acclaimed for its leadership in securities litigation, Levi & Korsinsky LLP consistently strives to obtain justice for all plaintiffs. With over two decades of experience and a track record of securing significant settlements for shareholders, Levi & Korsinsky is well-equipped to handle this high-stakes case. Their expertise and commitment to justice have consistently placed them among the top securities litigation firms in the United States.
If you have been affected by this situation, it is crucial to stay informed and consider your options for recovery.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171