Overview

A class action lawsuit has been filed against RCI Hospitality Holdings, Inc. (“RCI” or the “Company”) and certain of the Company’s former senior executive officers alleging violations of the federal securities laws. The Company’s securities trade on The Nasdaq Global Market (the “NASDAQ”) under the ticker symbol “RICK.”

The RCI class action lawsuit was brought on behalf of all persons and entities who purchased or otherwise acquired publicly traded RCI securities between December 15, 2021 and September 16, 2025, both dates inclusive, (the “Class Period”).

RCI owns and operates adult entertainment nightclubs across the United States through a wide portfolio of brands. Its Nightclubs subsidiaries manage these venues by tailoring experiences to appeal to diverse customer demographics while emphasizing a unique, quality entertainment environment.

The company’s operations span numerous well-known brands, including Rick’s Cabaret, Jaguars Club, Tootsie’s Cabaret, XTC Cabaret, Club Onyx, Hoops Cabaret and Sports Bar, Scarlett’s Cabaret, Diamond Cabaret, Cheetah Gentlemen’s Club, PT’s Showclub, Playmates Club, Country Rock Cabaret, Temptations Adult Cabaret, Foxy’s Cabaret, Vivid Cabaret, Downtown Cabaret, Cabaret East, The Seville, Silver City Cabaret, Heartbreakers Gentlemen’s Club, Kappa Men’s Club, Baby Dolls, and Chicas Locas. In addition to these, RCI also operates a dance club under the brand Studio 80.

The RCI lawsuit alleges that Defendants, throughout the Class Period, made false and/or misleading statements and/or failed to disclose that: (1) Defendants engaged in tax fraud; (2) Defendants committed bribery to cover up the fact that they committed tax fraud; (3) as a result, defendants understated the legal risk facing the Company; and (4) as a result, defendants’ statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

*          *          *

If you purchased or otherwise acquired publicly traded RCI securities between December 15, 2021 and September 16, 2025, both dates inclusive, and you wish to serve as lead plaintiff in this lawsuit, we encourage you to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt partner Brian O’Mara by calling (888) 287-9005 or at investors@dicellolevitt.com. 

The deadline to apply to the Court to serve as lead plaintiff in the RCI class action lawsuit is November 20, 2025.