Important Notice to Long-Term Shareholders of RCI Hospitality Holdings, Inc. (RICK): Grabar Law Office is Investigating Claims on Your Behalf as New York Prosecutors Announced Unsealed 79-Count Indictment Against Five Top RCI Executives

Philadelphia, Pennsylvania--(Newsfile Corp. - October 1, 2025) - Grabar Law Office is investigating claims on behalf of shareholders of RCI Hospitality Holdings, Inc. (NASDAQ: RICK). The investigation concerns whether certain officers and directors breached the fiduciary duties they owed to the company.

If you purchased RCI Hospitality Holdings, Inc. (NASDAQ: RICK), shares prior to December 15, 2021, and still hold shares today, you can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to you whatsoever. Alternatively, if you purchased RCI Hospitality Holdings shares between December 15, 2021 and September 16, 2025, you can participate in the class action. Please visit https://grabarlaw.com/the-latest/rci-shareholder-investigation/, contact Joshua Grabar at jgrabar@grabarlaw.com, or call 267-507-6085.

WHY? As alleged in a recently filed federal securities fraud class action complaint, RCI Hospitality Holdings (NASDAQ: RICK), through certain of its officers, made materially 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 RCI Hospitality; 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.

New York prosecutors announced a recently unsealed 79-count indictment against five top RCI executives, including president and CEO Eric Langan and controller Timothy Winata. The indictments allege that the executives bribed an unnamed tax auditor with expensive lap dances for more than a decade to avoid paying $8 million in New York City sales tax and gave him free trips to Florida strip clubs.

WHAT YOU CAN DO NOW: If you purchased RCI Hospitality Holdings, Inc. (NASDAQ: RICK), shares prior to December 15, 2021, and still hold shares today, you are encouraged to visit https://grabarlaw.com/the-latest/rci-shareholder-investigation/, contact Joshua Grabar at jgrabar@grabarlaw.com, or call 267-507-6085. You can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to you whatsoever. Alternatively, if you purchased RCI Hospitality Holdings shares between December 15, 2021 and September 16, 2025, you can participate in the class action. $RICK #RICKS #RCIHospitality

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