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INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against RCI Hospitality Holdings, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

May 13, 2019

LOS ANGELES--(BUSINESS WIRE)--May 13, 2019--

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.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall, or Sherin Mahdavian, 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  brian@schallfirm.com.

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.

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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190513005888/en/

CONTACT: The Schall Law Firm

Brian Schall, Esq.

Rina Restaino, Esq.

310-301-3335

Cell: 424-303-1964

info@schallfirm.com

www.schallfirm.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL

SOURCE: The Schall Law Firm

Copyright Business Wire 2019.

PUB: 05/13/2019 06:00 PM/DISC: 05/13/2019 06:01 PM

http://www.businesswire.com/news/home/20190513005888/en