RCI Hospitality Holdings, Inc. (NASDAQ: RICK)

This lawsuit for anyone who acquired securities in RCI Hospitality Holdings, Inc. (NASDAQ: RICK) from December 15, 2021 through September 16, 2025.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by telling investors that the Company complied with all applicable laws but then by committing bribery and tax fraud.

On September 16, 2025, the New York Attorney General charged RCI, along with five of its executives and three of its Manhattan strip clubs, with 79 charges, including conspiracy, bribery, and criminal tax fraud stemming from the alleged bribe of a government tax auditor. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in RCI Hospitality Holdings, Inc. (NASDAQ: RICK) from December 15, 2021 through September 16, 2025 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.