RICK.US
id: 239, Created by Stan Vick, Scout
RCI Hospitality Holdings Inc
How it works?
- Company agreed to pay compensation to its investors, to avoid further litigation
- We help you to prepare documents and file for compensation
Claim deadline for this case already passed by, but we can still try and file for compensation for you
Claim payout
S.D. Texas
Court13 Dec 2016
Class period Start18 Jul 2019
Class period End23 Sept 2022
Claim deadlineIn re RCI Hospitality Holdings, Inc. Securities Litigation.
"Lead Plaintiffs filed and served their Amended Class Action Complaint for Violations of the Federal Securities Laws (the “Complaint”) asserting claims against all Defendants under Section 10(b) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10b-5 promulgated thereunder, and against Individual Defendants under Section 20(a) of the Exchange Act. Among other things, the Complaint alleged that Defendants made materially false and misleading statements and omissions about the Company’s related party transactions and the adequacy of its internal controls. The Complaint further alleged that the prices of RCI’s publicly-traded securities were artificially inflated as a result of Defendants’ allegedly false and misleading statements, and declined when the truth was
revealed."
Alleged Offence
Other
Suspected Party
Other
Security Type
Stocks
Trade Direction
Long
Lead plaintiff
Roger DeMaggio, Patrick Prahl, Justin Kinslow, Joseph Milo, and Edgar M. Kee
Attorney
Glancy Prongay & Murray LLP, The Rosen Law Firm, P.A
Judge
Hon. Alfred H. Bennett
Administrator
Strategic Claims Services
Court hearing date
12 August 2022
+$2,200,000
Total Settlement Amount