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NEW YORK, June 16, 2019 (GLOBE NEWSWIRE) – Investor Rights Law Firm Rosen Law Firm Reminds Acquirers of RCI Hospitality Holdings, Inc. (Nasdaq: RICK) Securities Between August 10th 2017 and May 10, 2019 (the "Clbad Period") of the significant deadline for the principal plaintiff in the securities clbad action. The lawsuit seeks damages for investors of RCI under federal securities laws.
To join the RCI clbad action, go to http://www.rosenlegal.com/cases-register-1570.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or by e-mail at [email protected] or at [email protected] for clbad action information.
NO CATEGORY HAS BEEN CERTIFIED IN THE ACTION ABOVE. UNTIL A CATEGORY IS CERTIFIED, YOU ARE NOT REPRESENTED BY AN ADVICE UNLESS YOU KEEP IT. YOU CAN KEEP A CONSIDERATION OF YOUR CHOICE. YOU MAY ALSO REMAIN A MEMBER OF THE ABSENT CLASS AND DO NOTHING AT THIS POINT. THE CAPACITY OF AN INVESTOR TO PARTICIPATE IN ANY POTENTIAL RECOVERY WILL NOT BE DEPENDENT ON THE FUNCTIONING OF A PLAINTIFF.
According to the lawsuit, the defendants made false and / or misleading statements and / or failed to disclose the following: (1) RCI made numerous transactions with Eric Langan, President and Chief Executive Officer of RCI, including lending him large sums of money; (2) these practices were likely to lead to RCI investigations by regulators; (3) RCI's governance investigations could adversely affect RCI's prospects by, among other things, preventing RCI from filing its financial statements in a timely manner; and (4) therefore, the defendants' statements of RCI's business, operations and prospects were materially false and misleading and / or were not based on reasonable grounds at all material times. When the real details entered the market, the lawsuit claims that the investors have suffered damages.
A clbad action has already been filed. If you wish to act as the principal plaintiff, you must apply to the Court no later than July 22, 2019. A principal plaintiff is a representative party acting on behalf of the other clbad members in the litigation direction. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-register-1570.html or to discuss your rights or interests in this clbad action, please contact Phillip Kim, Esq. Rosen Law Firm at the toll free number 866-767-3653 or by email at the address [email protected] or at the [email protected].
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Rosen's law firm represents investors from around the world and focuses on clbad actions in securities and shareholder disputes. The Rosen Law Firm Group has been ranked first by ISS Securities Action in shares for the number of settlements of this group in 2017. The firm has been ranked in the top 3 every year since 2013. The law firm Rosen Law Firm has secured hundreds of millions of dollars for investors. Public Prosecutor. Past results do not guarantee future results.
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Contact information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The law firm Rosen, P.A.
275 Madison Avenue, 34th Ground
New York, NY 10016
Tel .: (212) 686-1060
Toll free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
[email protected]
[email protected]
www.rosenlegal.com
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