LOS ANGELES, May 15, 2019 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of 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.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. RCI announced on May 10, 2019, that it would not be able to file its Form 10-Q for the period ending March 31, 2019, in a timely manner. According to the Company, the delay is caused by investigations into “a series of negative articles about RCI” published anonymously to forums during the second half of 2018. Based on this news, shares of RCI fell by more than 7.5% on May 13, 2019.
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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.
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The Schall Law Firm
Brian Schall, Esq.
Rina Restaino, Esq.
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Cell: 424-303-1964
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