RCI Hospitality Holdings Faces Investor Lawsuit Amid Fraud Claims

Author: Owen Jenkins Updated: 10-17-2025 04:58 PM

Class Action Lawsuit Against RCI Hospitality Holdings

Levi & Korsinsky, LLP has alerted investors regarding a class action securities lawsuit involving RCI Hospitality Holdings, Inc. (NASDAQ:RICK). The lawsuit is a significant development for shareholders and aims to address grievances surrounding alleged securities fraud that occurred within a defined time frame.

Details of the Lawsuit

The lawsuit's objective is to recover losses for investors affected by a series of actions described as fraudulent, taking place between December 15, 2021, and September 16, 2025. This group aims to hold parties responsible for misleading statements and concealments related to the company’s legal obligations.

Key Allegations

The complaint outlines several serious allegations against the defendants. It states that they engaged in tax fraud and bribery, attempting to mask the implications of these actions. Consequently, RCI Hospitality Holdings and its executives may have underestimated the legal risks the company was facing at that time. Such misrepresentations have potentially harmed shareholders’ interests.

Next Steps for Affected Investors

For individuals who have suffered financial losses in RCI Hospitality Holdings within the relevant period, there is a window of opportunity until November 20, 2025, to request lead plaintiff status in the lawsuit. However, it's important to note that participation in any potential recovery does not necessitate serving as a lead plaintiff.

No Financial Risk to Participants

Investors should be reassured that joining this lawsuit presents no upfront costs or financial obligations. Class members might be entitled to compensation without having to pay any legal fees out of their own pockets, ensuring that financial barriers do not prevent participation.

Why Choose Levi & Korsinsky

Levi & Korsinsky boasts over two decades of experience in the legal field, with a proven track record of securing substantial settlements for aggrieved shareholders. They focus on complex securities litigation and have a dedicated team committed to representing investors efficiently. Their reputation as one of the leading securities litigation firms is backed by consistent rankings in the ISS Securities Class Action Services' Top 50 Report.

Getting in Touch

For further details, investors can contact the firm directly, reaching out to Joseph E. Levi, Esq., via email at jlevi@levikorsinsky.com or calling (212) 363-7500. The firm is located at 33 Whitehall Street, 17th Floor, New York, NY 10004.

Frequently Asked Questions

What is the lawsuit about?

The lawsuit addresses alleged securities fraud committed by RCI Hospitality Holdings, Inc. and seeks to recover losses for affected investors.

Who should contact Levi & Korsinsky?

Investors who suffered financial losses in RCI Hospitality Holdings during the specified time frame should contact the firm to discuss their rights.

Are there any costs to participate in the lawsuit?

No, affected investors can participate without incurring any out-of-pocket costs or fees.

What are the key allegations made in the lawsuit?

The allegations include tax fraud and bribery intended to minimize the perceived legal risks by the company.

How long do investors have to join the lawsuit?

Investors have until November 20, 2025, to request to be appointed as lead plaintiff in the class action lawsuit.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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