Due Diligence Ball
» Professionals
Fear of seeming to use lap dancing to acquire clients has analysts unwilling to comment on Rick’s Cabaret International’s public stock offering.
Inviting guests to check out the swanky Manhattan club, Rick’s Chief Executive Eric Langan gushed about the delicacies offered, from live lobsters in the 80-seat restaurant to exotic pole dancers by the neon bar.
Regulators “can tell analysts not to go to strip clubs, but they’ll never tell them not to do due diligence,” Langan told Reuters at the club’s VIP lounge overlooking a stage, where dancer after dancer paraded her wares.
Strip club takes off despite Wall St. crackdown
