RCI Hospitality Investors Face Nov. 20 Lead-Plaintiff Deadline in Securities Fraud Case

The suit stems from allegations of bribery tied to tax fraud following September disclosures by New York authorities.

Overview

Notices from Levi & Korsinsky, The Gross Law Firm, The Schall Law Firm, and Glancy Prongay & Murray invite investors to seek the lead role in the case.
The alleged class period spans December 15, 2021 through September 16, 2025.
The complaint asserts violations of Sections 10(b) and 20(a) of the Exchange Act and SEC Rule 10b-5.
Plaintiffs allege executives concealed tax fraud through bribery, understated legal risks, and issued materially misleading statements.
Firms state the class has not been certified, investors need not serve as lead plaintiff to share in any recovery, and participation involves no out-of-pocket fees.