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News  ›  GlobeNewswire Inc.

RCI Hospitality Holdings INVESTOR ALERT: Kirby McInerney LLP Reminds RCI Hospitality Holdings Investors of Looming Lead Plaintiff Deadline in Class Action Lawsuit

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Kirby Mcinerney Llp
RCI Hospitality Holdings INVESTOR ALERT: Kirby McInerney LLP Reminds RCI Hospitality Holdings Investors of Looming Lead Plaintiff Deadline in Class Action Lawsuit

New York Attorney General indicted RCI executives for alleged tax fraud and bribery, involving approximately $8 million in unpaid sales taxes from 2010 to 2024, causing the company's stock price to drop by 16.11%.

Insights
MLTX   negative

Alleged to have significantly underinvested in equipment maintenance and misrepresented business operations and prospects


RICK   negative

Executives were indicted for tax fraud and bribery, leading to significant stock price decline and potential legal consequences