Investigation announced for Long-Term Investors in shares of RCI Hospitality Holdings, Inc. (NASDAQ: RICK) over potential Wrongdoing

An investigation was announced for long-term investors in shares of RCI Hospitality Holdings, Inc. (NASDAQ: RICK) concerning potential breaches of fiduciary duties by certain directors and officers of RCI Hospitality Holdings, Inc.

Investors who are current long term investors in RCI Hospitality Holdings, Inc. (NASDAQ: RICK) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NASDAQ: RICK stocks follows a lawsuit filed against RCI Hospitality Holdings, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: RICK stocks, concerns whether certain RCI Hospitality Holdings, Inc. directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Southern District of Texas the plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that the defendants engaged in tax fraud, that the defendants committed bribery to cover up the fact that they committed tax fraud, that as a result, defendants understated the legal risk facing the Company, and that 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

Those who purchased shares of RCI Hospitality Holdings, Inc. (NASDAQ: RICK) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.