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Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against RCI Hospitality Holdings, Inc. (RICK)

1. A class action lawsuit has been filed against RICK for alleged fraud. 2. Defendants allegedly engaged in tax fraud and bribery to cover it up. 3. The lawsuit covers securities acquired from December 2021 to September 2025. 4. Investors are encouraged to contact the firm regarding their rights. 5. Legal risks may be significantly understated, impacting future operations.

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FAQ

Why Very Bearish?

The allegations of fraud and bribery significantly undermine RICK's credibility, similar to other significant fraud cases that have led to stock declines. For instance, companies like Enron saw their stock plummet following fraud disclosures.

How important is it?

The ongoing legal issues and allegations could lead to severe declines in stock value and investor confidence. Historical examples show that stock prices can be heavily influenced by legal disputes, particularly those involving fraud.

Why Short Term?

The immediate impact will be felt as investors react to the lawsuit and news surrounding potential legal repercussions before further details unfold. Historically, stock reactions are often swift in response to legal challenges.

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SECBRCHST
NEW YORK, Sept. 22, 2025 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Southern District of Texas on behalf of all persons or entities who purchased or otherwise acquired RCI Hospitality Holdings, Inc. (“RCI” or the “Company”) (NASDAQ: RICK) securities between December 15, 2021 and September 16, 2025, inclusive (the “Class Period”). The Complaint alleges that Defendants 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. Investors who purchased or otherwise acquired shares of RCI should contact the Firm prior to the November 20, 2025 lead plaintiff motion deadline. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to discuss your rights or interests regarding this class action, please contact Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of Gainey McKenna & Egleston at (212) 983-1300, or via e-mail at tjmckenna@gme-law.com or gegleston@gme-law.com. Please visit our website at http://www.gme-law.com for more information about the firm.

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