A securities class action has been filed against RCI Hospitality Holdings, Inc. (RICK) on behalf of purchasers of the securities of RCI between December 15, 2021 through September 16, 2025. This case has been filed in the USDC – SDTX.
The complaint alleges defendants, throughout the Class Period, made false and/or misleading statements and/or failed to disclose that: (1) Defendants engaged in tax fraud; (2) Defendants committed bribery to cover up the fact that they committed tax fraud; (3) as a result, defendants understated the legal risk facing the Company; and (4) as a result, defendants’ statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.