RCI Hospitality Securities Case Nears Nov. 20 Lead‑Plaintiff Deadline

Overview

• Multiple investor firms — including Rosen, Levi & Korsinsky, Portnoy, Glancy Prongay & Murray, and the Schall Law Firm — are urging shareholders to move for lead‑plaintiff status by November 20, 2025.
• The putative class action covers purchases of RCI securities from December 15, 2021 through September 16, 2025.
• Complaints assert that RCI and certain executives concealed tax fraud and bribery, understating legal exposure and rendering public statements about the business misleading.
• New York's Attorney General says executives bribed a state tax auditor to avoid more than $8 million in sales taxes from 2010 to 2024, with 79 charges filed against the company, five executives, and three Manhattan clubs.
• Following the September 16 announcement, RCI shares fell 15.9% that day and 24.83% over two sessions, and the civil case remains in early stages with no class yet certified.