RCI Securities Suits Intensify as Firms Urge Investors Ahead of Nov. 20 Lead Plaintiff Deadline
The cases stem from New York’s allegation that executives bribed a tax auditor to avoid more than $8 million in sales taxes over many years.
Overview
- Investors who bought RCI Hospitality shares between December 15, 2021 and September 16, 2025 are being asked to move for lead-plaintiff status by November 20, 2025.
- Rosen Law Firm says it was the first filer and, along with Pomerantz, Glancy Prongay & Murray, and the Law Offices of Howard G. Smith, is soliciting investors with losses.
- New York’s attorney general announced on September 16 that RCI, five executives, and three Manhattan clubs face 79 counts that include conspiracy, bribery, and criminal tax fraud.
- Authorities allege RCI executives bribed a Department of Taxation and Finance auditor, allowing the company to forgo over $8 million in sales taxes from 2010 to 2024.
- After the indictment announcement, RCI’s stock fell 15.9% on September 16 to $28.79 and declined 24.83% over two sessions to $25.80, according to plaintiff notices.