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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of RCI Hospitality Holdings Inc (NASDAQ: RICK) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of RCI Hospitality Holdings Inc (NASDAQ: RICK) concerning whether a series of statements by RCI Hospitality Holdings Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On May 10, 2019, the Company revealed that it would need to delay filing its Form 10-Q for the period ending March 31, 2019. The Company attributed the delay to investigations into "a series of negative articles about RCI" anonymously published to forums during the second half of 2018.
On this news, shares of RCI fell sharply during intraday trading on May 13, 2019.
Based in Houston, Texas, and founded in 1983 RCI Hospitality Holdings Inc engages in the hospitality and related businesses in the United States.
If you purchased shares of RCI Hospitality Holdings Inc (NASDAQ: RICK) on or before May 10, 2019, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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