U.S. Markets close in 4 hrs 52 mins

FINAL DEADLINE ALERT - RCI Hospitality Holdings, Inc. (RICK) - Bronstein, Gewirtz & Grossman, LLC Reminds Shareholders of Class Action and Lead Deadline: July 22, 2019

NEW YORK, NY / ACCESSWIRE / July 22, 2019 / Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against RCI Hospitality Holdings, Inc. (“RCI” or “the Company”) (NASDAQ: RICK) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired RCI securities from August 10, 2017 and May 10, 2019,inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: www.bgandg.com/rick.

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.

The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) RCI engaged in numerous transactions with Eric Langan, RCI’s CEO, including lending him large amounts of money; (2) these practices were likely to lead to investigations of RCI by regulators; (3) investigations into RCI’s corporate governance would harm RCI’s prospects by, among other things, causing it to be unable to timely file its financial statements; and (4) as a result, Defendants’ statements about RCI’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

If you wish to review a copy of the Complaint you can visit the firm’s site: www.bgandg.com/rick or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in RICK, you have until July 22, 2019 to request that the Court appoint you as lead plaintiff. A lead plaintiff acts on behalf of all other class members in directing the litigation. The lead plaintiff can select a law firm of its choice. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz

212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz and Grossman, LLC



View source version on accesswire.com:
https://www.accesswire.com/551346/FINAL-DEADLINE-ALERT--RCI-Hospitality-Holdings-Inc-RICK--Bronstein-Gewirtz-Grossman-LLC-Reminds-Shareholders-of-Class-Action-and-Lead-Deadline-July-22-2019

  • Are Insiders Buying American Vanguard Corporation (NYSE:AVD) Stock?
    Business
    Simply Wall St.

    Are Insiders Buying American Vanguard Corporation (NYSE:AVD) Stock?

    So we'll take a look at whether insiders have been buying or selling shares in American Vanguard Corporation (NYSE:AVD). What Is Insider Buying? It's quite normal to see company insiders, such as board members, trading in company stock, from time to time.

  • GM CEO Barra at bargaining table for talks with UAW: sources
    Business
    Reuters

    GM CEO Barra at bargaining table for talks with UAW: sources

    General Motors Co Chief Executive Mary Barra and President Mark Reuss took part in contract talks with the United Auto Workers union on Tuesday in a sign that a 30-day-long strike of 48,000 U.S. hourly workers could be nearing an end, two people briefed on the talks said on Tuesday. On Monday, the UAW scheduled a meeting on Thursday morning to update local union representatives on the status of the talks, sources previously said. GM declined to comment on the involvement of the No. 1 U.S. automaker's top two executives in the talks.

  • Aurora Cannabis’s Price Target Cut by 30%
    Business
    Market Realist

    Aurora Cannabis’s Price Target Cut by 30%

    In September, 15 analysts were covering Aurora stock, and they had a consensus target price of 10.73 Canadian dollars. On October 15, seven analysts are covering Aurora stock on the NYSE with a consensus recommendation of “buy. quot; These analysts have set a consensus target price of $7.43 on the stock, implying an upside potential of 111.68% based on its last closing price.

  • Investors In Nordic American Tankers Limited (NYSE:NAT) Should Consider This, First
    Business
    Simply Wall St.

    Investors In Nordic American Tankers Limited (NYSE:NAT) Should Consider This, First

    Could Nordic American Tankers Limited (NYSE:NAT) be an attractive dividend share to own for the long haul? Investors are often drawn to strong companies with the idea of reinvesting the dividends. On the other hand, investors have been known to buy a stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations.

  • Hedge Fund Freshford Capital Management’s Top Stock Picks
    Business
    Insider Monkey

    Hedge Fund Freshford Capital Management’s Top Stock Picks

    Freshford Capital Management is a New York based hedge fund, launched in 2008 by Michael Doheny, the fund's principal owner and President. Mr. Doheny holds B.S. in Accounting and Economics from Boston College, and prior to funding Freshford Capital Management he gained experience working at Kensico Capital for eight years. Freshford Capital management employs a fundamental value investment strategy.

  • Do Directors Own Gladstone Commercial Corporation (NASDAQ:GOOD) Shares?
    Business
    Simply Wall St.

    Do Directors Own Gladstone Commercial Corporation (NASDAQ:GOOD) Shares?

    A look at the shareholders of Gladstone Commercial Corporation (NASDAQ:GOOD) can tell us which group is most powerful. Generally speaking, as a company grows, institutions will increase their ownership. Gladstone Commercial is a smaller company with a market capitalization of US$714m, so it may still be flying under the radar of many institutional investors.

  • Aphria Stock Rose after Impressive Q1 Performance
    Business
    Market Realist

    Aphria Stock Rose after Impressive Q1 Performance

    Today, Aphria (APHA) reported its first-quarter earnings for fiscal 2020, which ended on August 31. The company reported revenues of 126.1 Canadian dollars—lower than analysts' estimates of 132.2 million Canadian dollars. The company's EPS was 0.07 Canadian dollars, which beat analysts' expectation of a loss of 0.02 Canadian dollars.

  • Citigroup: Lower Taxes, Share Buybacks Boost Q3 Earnings
    Business
    Market Realist

    Citigroup: Lower Taxes, Share Buybacks Boost Q3 Earnings

    li The bank's EPS beat analysts' estimates due to lower taxes and share repurchases.

  • Johnson & Johnson Q3 earnings beat expectations
    Business
    Yahoo Finance Video

    Johnson & Johnson Q3 earnings beat expectations

    Shares of Johnson and Johnson are in the green Tuesday after beating earnings expectations for the third quarter, raising its full-year forecast. Yahoo Finance's Brian Sozzi, Alexis Christoforous and Anjalee Khemlani discuss on The First Trade.

  • News
    American City Business Journals

    GE's 'New American' model home from 1935 renovated and for sale in Denver (Photos)

    A home in Denver's South Park Hill neighborhood recently went on the market, bringing with it a reminder of conveniences modern homebuyers expect. Once billed as "Denver's first 'New American' home" in a 1935 edition of The Denver Post, the General Electric Co. (NYSE: GE) demonstration home at 6020 Montview Blvd. was designed to show buyers that electric living didn't have to be expensive. At the time of its display, it boasted a kitchen with an electric range, dishwasher, lighting and ventilation, automatic gas heat and air conditioning and "every appliance large and small a General Electric product," City records from indicate the owners at the time were Hobe A. and Mildred G. Wilson, with Hobe Wilson being the builder, who created the home in the Art Deco style.

  • Diodes Incorporated (NASDAQ:DIOD) Earns A Nice Return On Capital Employed
    Business
    Simply Wall St.

    Diodes Incorporated (NASDAQ:DIOD) Earns A Nice Return On Capital Employed

    Today we'll evaluate Diodes Incorporated (NASDAQ:DIOD) to determine whether it could have potential as an investment idea. Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. First of all, we'll work out how to calculate ROCE.

  • Puerto Rico’s future is now in the hands of the US Supreme Court
    Finance
    Quartz

    Puerto Rico’s future is now in the hands of the US Supreme Court

    Today, the US Supreme Court is hearing oral arguments in a case that will affect the financial future of more than 3 million Puerto Ricans, international investors, and bond markets. The matter stems from a 2016 law passed by the US Congress called Promesa, which is Spanish for “promise” and an acronym for the Puerto Rico Oversight, Management, and Economic Stability Act. The legislation established a seven-member financial management and oversight board with broad powers to restructure debt and initiate infrastructure projects in the wake of the island's 2015 financial crisis.

  • Will Philip Morris Stock Jump after Its Q3 Earnings?
    Business
    Market Realist

    Will Philip Morris Stock Jump after Its Q3 Earnings?

    Philip Morris is set to announce its third-quarter earnings results on October 17. Pressure on its earnings could play spoilsport. Philip Morris International (PM) will announce its third-quarter earnings results on October 17. Management's outlook on shipment volumes has also improved.

  • Hedge Funds Have Never Been This Bullish On Centene Corp (CNC)
    Business
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On Centene Corp (CNC)

    Hedge funds and institutional investors tracked by Insider Monkey usually invest a disproportionate amount of their portfolios in smaller cap stocks. In this article, we will take a closer look at hedge fund sentiment towards Centene Corp (NYSE:CNC). Centene Corp (NYSE:CNC) was in 65 hedge funds' portfolios at the end of the second quarter of 2019.

  • Does The Aurinia Pharmaceuticals Inc. (TSE:AUP) Share Price Fall With The Market?
    Business
    Simply Wall St.

    Does The Aurinia Pharmaceuticals Inc. (TSE:AUP) Share Price Fall With The Market?

    If you own shares in Aurinia Pharmaceuticals Inc. (TSE:AUP) then it's worth thinking about how it contributes to the volatility of your portfolio, overall. In finance, Beta is a measure of volatility. Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility.

  • Who Has Been Selling Melinta Therapeutics, Inc. (NASDAQ:MLNT) Shares?
    Business
    Simply Wall St.

    Who Has Been Selling Melinta Therapeutics, Inc. (NASDAQ:MLNT) Shares?

    It's quite normal to see company insiders, such as board members, trading in company stock, from time to time. For example, a Columbia University study found that 'insiders are more likely to engage in open market purchases of their own company's stock when the firm is about to reveal new agreements with customers and suppliers'. The insider, John Johnson, made the biggest insider sale in the last 12 months.

  • Wells Fargo misses on earnings, revenue beats
    Business
    Yahoo Finance Video

    Wells Fargo misses on earnings, revenue beats

    Yahoo Finance's Alexis Christoforous and Brian Sozzi break down the earnings reports for Wells Fargo Citigroup, JP Morgan, and Goldman Sachs with Jason Lambert, President and CEO of Northwest Financial.

  • Hedge Funds Have Never Been This Bullish On Crane Co. (CR)
    Business
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On Crane Co. (CR)

    In the following paragraphs, we take a closer look at what hedge funds and prominent investors think of Crane Co. (NYSE:CR) and see how the stock is affected by the recent hedge fund activity. Crane Co. (NYSE:CR) investors should be aware of an increase in hedge fund interest recently. Our calculations also showed that CR isn't among the 30 most popular stocks among hedge funds.

  • Why Laredo Petroleum, Inc.’s (NYSE:LPI) Return On Capital Employed Is Impressive
    Business
    Simply Wall St.

    Why Laredo Petroleum, Inc.’s (NYSE:LPI) Return On Capital Employed Is Impressive

    Today we'll evaluate Laredo Petroleum, Inc. (NYSE:LPI) to determine whether it could have potential as an investment idea. To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. Firstly, we'll go over how we calculate ROCE.

  • Is Minerals Technologies Inc.'s (NYSE:MTX) P/E Ratio Really That Good?
    Business
    Simply Wall St.

    Is Minerals Technologies Inc.'s (NYSE:MTX) P/E Ratio Really That Good?

    This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll look at Minerals Technologies Inc.'s (NYSE:MTX) P/E ratio and reflect on what it tells us about the company's share price. Looking at earnings over the last twelve months, Minerals Technologies has a P/E ratio of 11.81.

  • Here is What Hedge Funds Think About Stanley Black & Decker, Inc. (SWK)
    Business
    Insider Monkey

    Here is What Hedge Funds Think About Stanley Black & Decker, Inc. (SWK)

    After several tireless days we have finished crunching the numbers from nearly 750 13F filings issued by the elite hedge funds and other investment firms that we track at Insider Monkey, which disclosed those firms' equity portfolios as of June 28. The results of that effort will be put on display in this article, as we share valuable insight into the smart money sentiment towards Stanley Black & Decker, Inc. (NYSE:SWK). Stanley Black & Decker, Inc. (NYSE:SWK) was in 27 hedge funds' portfolios at the end of June.

  • T-Mobile and Sprint Face Merger Hurdle
    Business
    Market Realist

    T-Mobile and Sprint Face Merger Hurdle

    The $26.5 billion proposed merger agreement between T-Mobile (TMUS) and Sprint (S) is still pending. On Monday, T-Mobile stock fell 1.07% to $78.68 as of 11:48 AM ET. Earlier today, Barclays lowered its 12-month target price on T-Mobile stock from $93 to $88.

  • Hedge Funds Have Never Been This Bullish On Cree, Inc. (CREE)
    Business
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On Cree, Inc. (CREE)

    Of the funds tracked by Insider Monkey, David Cohen and Harold Levy's Iridian Asset Management has the biggest position in Cree, Inc. NASDAQ:CREE), worth close to $144.2 million, comprising 2.1% of its total 13F portfolio. Coming in second is Israel Englander of Millennium Management, with a $73.5 million position; the fund has 0.1% of its 13F portfolio invested in the stock.

  • Is Cummins Inc.'s (NYSE:CMI) P/E Ratio Really That Good?
    Business
    Simply Wall St.

    Is Cummins Inc.'s (NYSE:CMI) P/E Ratio Really That Good?

    This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll look at Cummins Inc.'s (NYSE:CMI) P/E ratio and reflect on what it tells us about the company's share price. Cummins has a price to earnings ratio of 9.90, based on the last twelve months.

  • Hedge Funds Have Never Been More Bullish On Helmerich & Payne, Inc. (HP)
    Business
    Insider Monkey

    Hedge Funds Have Never Been More Bullish On Helmerich & Payne, Inc. (HP)

    Although the masses and most of the financial media blame hedge funds for their exorbitant fee structure and disappointing performance, these investors have proved to have great stock picking abilities over the years (that's why their assets under management continue to swell). Helmerich & Payne, Inc. (NYSE:HP) investors should be aware of an increase in hedge fund sentiment of late. Hedge funds' reputation as shrewd investors has been tarnished in the last decade as their hedged returns couldn't keep up with the unhedged returns of the market indices.