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Class Action Cases

A class action has been filed on behalf of RCI Hospitality Holdings, Inc. Investors. Click "Join this Class Action" above.

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RCI Hospitality Holdings, Inc.

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Zhang Investor Law announces the filing of a class action lawsuit on behalf of shareholders who bought shares of RCI Hospitality Holdings, Inc. (NASDAQ: RICK) between February 14, 2018 and May 10, 2019 (the “Class Period”). The lawsuit seeks to recover damages for RCI investors under the federal securities laws.

If you bought RCI securities between February 14, 2018 and May 10, 2019, please click “Join This Class Action,” above.

Press Release

SHAREHOLDER ALERT: Zhang Investor Law Announces the Filing of a Securities Class Action Lawsuit Against RCI Hospitality Holdings, Inc. – RICK

New York, N.Y., May 29, 2019. Zhang Investor Law announces the filing of a class action lawsuit on behalf of shareholders who bought shares of RCI Hospitality Holdings, Inc. (NASDAQ: RICK) between February 14, 2018 and May 10, 2019 (the “Class Period”). The lawsuit seeks to recover damages for RCI investors under the federal securities laws.

To join the RCI class action, go to http://zhanginvestorlaw.com/cases/rci-hospitality-holdings-inc/ or call Sophie Zhang, Esq. toll-free at 800-991-3756 or email info@zhanginvestorlaw.com for information on the class action.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT.

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) the Company engaged in numerous transactions with the CEO, including lending him significant sums of money; (2) these practices were reasonably likely to lead to regulatory scrutiny of the company; (3) as a result of investigations into the Company’s governance, the Company would be unable to timely file its financial statements; and (4) as a result of the foregoing, defendants’ positive statements about RCI’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 22, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/rci-hospitality-holdings-inc/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. of Zhang Investor Law toll free at 800-991-3756 or via e-mail at info@zhanginvestorlaw.com.

Zhang Investor Law represents investors worldwide.
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