PR Newswire | Oct 1, 2020 08:31AM EDT

Hospitality Holdings, Inc. (RICK) and Encourages Long-Term RICK Stockholders to Contact the Firm

10/01 07:30 CDT

SHAREHOLDER ALERT: Kaskela Law LLC Announces Stockholder Investigation of RCI Hospitality Holdings, Inc. (RICK) and Encourages Long-Term RICK Stockholders to Contact the Firm PHILADELPHIA, Oct. 1, 2020

PHILADELPHIA, Oct. 1, 2020 /PRNewswire/ -- Kaskela Law LLC announces that it is investigating RCI Hospitality Holdings, Inc. ("RCI" or the "Company") (NASDAQ: RICK) on behalf of the company's stockholders.

Recently an amended securities fraud complaint was filed against RCI on behalf of investors who purchased shares of RCI's common stock between December 13, 2016 and July 18, 2019. According to the complaint, during that time period RCI and certain senior executive officers made a series of false and/or misleading statements to investors regarding material weaknesses in the Company's internal controls, executive compensation, and related party transactions.

The investigation seeks to determine whether the members of RCI's board of directors breached their fiduciary duties to RCI and its stockholders in connection with the above alleged misconduct.

Current RCI stockholders who purchased or acquired shares of RCI's common stock prior to December 13, 2016are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (484) 258 - 1585, or by email at skaskela@kaskelalaw.com or online at http://kaskelalaw.com/case/rci-hospitality-holdings-inc/, for additional information about this investigation and their legal rights and options.

Kaskela Law LLC represents investors in securities fraud, corporate governance, and merger & acquisition litigation. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com.

CONTACT:D. Seamus Kaskela, Esq.KASKELA LAW LLC18 Campus Blvd., Suite 100Newtown Square, PA 19073(484) 258 - 1585(888) 715 - 1740www.kaskelalaw.comskaskela@kaskelalaw.com

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SOURCE Kaskela Law LLC