LOS ANGELES–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24RICK&src=ctag” target=”_blank”gt;$RICKlt;/agt; lt;a href=”https://twitter.com/hashtag/ClassAction?src=hash” target=”_blank”gt;#ClassActionlt;/agt;–The
Schall Law Firm, a national shareholder rights litigation firm,
announces the filing of a class action lawsuit against RCI Hospitality
Holdings, Inc. (“RCI” or “the Company”) (NASDAQ: RICK)
for violations of §§10(b) and 20(a) of the Securities Exchange Act of
1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and
Exchange Commission.
Investors who purchased the Company’s shares between February 14, 2018
and May 10, 2019, inclusive (the “Class Period”), are encouraged to
contact the firm before July 22, 2019.
If you are a shareholder who suffered a loss, click
here to participate.
We also encourage you to contact Brian Schall, or Rina Restaino, of the
Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA
90067, at 424-303-1964, to discuss your rights free of charge. You can
also reach us through the firm’s website at www.schallfirm.com,
or by email at [email protected].
The class, in this case, has not yet been certified, and until
certification occurs, you are not represented by an attorney. If you
choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading
statements to the market. RCI regularly engaged in transactions with its
CEO, including lending him large sums of money. These practices could be
reasonably expected to lead to heightened regulatory scrutiny. The
Company would be unable to file its financial statements in a timely
manner due to investigations of these practices. Based on these facts,
the Company’s public statements were false and materially misleading
throughout the class period. When the market learned the truth about
RCI, investors suffered damages.
Join
the case to recover your losses.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder rights
litigation.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and rules of ethics.
Contacts
The Schall Law Firm
Brian Schall, Esq.
Rina Restaino, Esq.
www.schallfirm.com
Office:
310-301-3335
Cell: 424-303-1964
[email protected]
